The impact of disasters on economic growth in selected Southern Africa development community countries

This research study explores the impact of disasters on economic growth in selected Southern Africa Development Community countries. Annual data from 2005 to 2019 and panel data econometric estimation techniques are used in this study. The estimation approaches used control for both pooled and indiv...

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Autores principales:	Emmanuel Owusu-Sekyere, Wilfred Lunga, Selma T. Karuaihe
Formato:	article
Lenguaje:	EN
Publicado:	AOSIS 2021
Materias:	natural hazard disasters dynamic panel data econometrics economic growth south africa southern african development community sadc Risk in industry. Risk management HD61
Acceso en línea:	https://doaj.org/article/adcff3068de04362b71913810be02f52
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spelling	oai:doaj.org-article:adcff3068de04362b71913810be02f522021-11-24T07:40:43ZThe impact of disasters on economic growth in selected Southern Africa development community countries2072-845X1996-142110.4102/jamba.v13i1.1081https://doaj.org/article/adcff3068de04362b71913810be02f522021-10-01T00:00:00Zhttps://jamba.org.za/index.php/jamba/article/view/1081https://doaj.org/toc/2072-845Xhttps://doaj.org/toc/1996-1421This research study explores the impact of disasters on economic growth in selected Southern Africa Development Community countries. Annual data from 2005 to 2019 and panel data econometric estimation techniques are used in this study. The estimation approaches used control for both pooled and individual effects, heteroscedasticity, serial correlation, moderate levels of endogeneity and cross-sectional dependence (CSD). We found that although the impact of disasters on economic growth may be negative contemporaneously, reconstruction and recovery activities if well-resourced could facilitate building back better, which could ultimately lead to positive outcomes on economic growth a year after the disaster. We further tested the hypothesis in existing literature and confirm that quality institutions, favourable financial conditions and adequate access to international markets enhance a country’s coping and adaptive capabilities to disasters, thereby reducing the country’s level of risk to disasters.Emmanuel Owusu-SekyereWilfred LungaSelma T. KaruaiheAOSISarticlenatural hazarddisastersdynamic panel data econometricseconomic growthsouth africasouthern african development communitysadcRisk in industry. Risk managementHD61ENJàmbá : Journal of Disaster Risk Studies, Vol 13, Iss 1, Pp e1-e10 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	natural hazard disasters dynamic panel data econometrics economic growth south africa southern african development community sadc Risk in industry. Risk management HD61
spellingShingle	natural hazard disasters dynamic panel data econometrics economic growth south africa southern african development community sadc Risk in industry. Risk management HD61 Emmanuel Owusu-Sekyere Wilfred Lunga Selma T. Karuaihe The impact of disasters on economic growth in selected Southern Africa development community countries
description	This research study explores the impact of disasters on economic growth in selected Southern Africa Development Community countries. Annual data from 2005 to 2019 and panel data econometric estimation techniques are used in this study. The estimation approaches used control for both pooled and individual effects, heteroscedasticity, serial correlation, moderate levels of endogeneity and cross-sectional dependence (CSD). We found that although the impact of disasters on economic growth may be negative contemporaneously, reconstruction and recovery activities if well-resourced could facilitate building back better, which could ultimately lead to positive outcomes on economic growth a year after the disaster. We further tested the hypothesis in existing literature and confirm that quality institutions, favourable financial conditions and adequate access to international markets enhance a country’s coping and adaptive capabilities to disasters, thereby reducing the country’s level of risk to disasters.
format	article
author	Emmanuel Owusu-Sekyere Wilfred Lunga Selma T. Karuaihe
author_facet	Emmanuel Owusu-Sekyere Wilfred Lunga Selma T. Karuaihe
author_sort	Emmanuel Owusu-Sekyere
title	The impact of disasters on economic growth in selected Southern Africa development community countries
title_short	The impact of disasters on economic growth in selected Southern Africa development community countries
title_full	The impact of disasters on economic growth in selected Southern Africa development community countries
title_fullStr	The impact of disasters on economic growth in selected Southern Africa development community countries
title_full_unstemmed	The impact of disasters on economic growth in selected Southern Africa development community countries
title_sort	impact of disasters on economic growth in selected southern africa development community countries
publisher	AOSIS
publishDate	2021
url	https://doaj.org/article/adcff3068de04362b71913810be02f52
work_keys_str_mv	AT emmanuelowususekyere theimpactofdisastersoneconomicgrowthinselectedsouthernafricadevelopmentcommunitycountries AT wilfredlunga theimpactofdisastersoneconomicgrowthinselectedsouthernafricadevelopmentcommunitycountries AT selmatkaruaihe theimpactofdisastersoneconomicgrowthinselectedsouthernafricadevelopmentcommunitycountries AT emmanuelowususekyere impactofdisastersoneconomicgrowthinselectedsouthernafricadevelopmentcommunitycountries AT wilfredlunga impactofdisastersoneconomicgrowthinselectedsouthernafricadevelopmentcommunitycountries AT selmatkaruaihe impactofdisastersoneconomicgrowthinselectedsouthernafricadevelopmentcommunitycountries
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The impact of disasters on economic growth in selected Southern Africa development community countries

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