Quality infrastructure and natural disaster resiliency: A panel analysis of Asia and the Pacific

Taghizadeh-Hesary, Farhad and Sarker, Tapan ORCID: https://orcid.org/0000-0002-0682-2940 and Yoshino, Naoyuki and Mortha, Aline and Vo, Xuan Vinh (2020) Quality infrastructure and natural disaster resiliency: A panel analysis of Asia and the Pacific. Economic Analysis and Policy, 69. pp. 394-406. ISSN 0313-5926


Abstract

In this study, we assess the impact of quality infrastructure, development, and corruption on damage caused by a natural disaster using panel data from 14 Asia and the Pacific countries for 2007–2017. Employing the generalized method of moments and vector error correction model, this study’s main contribution to the literature lies in the quantification of the role of quality infrastructure in disaster impact mitigation. The empirical results prove that even if disaster intensity remains the most important factor in explaining damage, this effect is short-lived. At the same time, quality infrastructure significantly reduces damage in the long-term and is the variable with the largest magnitude. A higher level of development indicators, measured by gross domestic product per capita, and control of corruption, are also shown to reduce damage linked to natural disasters. Our study suggests that improving the quality of infrastructure can be effective in mitigating the impact of disasters. We also propose financial schemes such as public–private cooperation and innovative schemes to promote the construction of quality infrastructure.


Statistics for USQ ePrint 47736
Statistics for this ePrint Item
Item Type: Article (Commonwealth Reporting Category C)
Refereed: Yes
Item Status: Live Archive
Additional Information: Files associated with this item cannot be displayed due to copyright restrictions.
Faculty/School / Institute/Centre: No Faculty
Faculty/School / Institute/Centre: No Faculty
Date Deposited: 26 Apr 2022 04:12
Last Modified: 31 May 2022 03:33
Uncontrolled Keywords: Disaster risk financing, Quality infrastructure, Disaster risk management, Spillover effect
Fields of Research (2020): 35 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 3502 Banking, finance and investment > 350201 Environment and climate finance
Socio-Economic Objectives (2020): 11 COMMERCIAL SERVICES AND TOURISM > 1102 Financial services > 110201 Finance services
15 ECONOMIC FRAMEWORK > 1503 Management and productivity > 150399 Management and productivity not elsewhere classified
Identification Number or DOI: https://doi.org/10.1016/j.eap.2020.12.021
URI: http://eprints.usq.edu.au/id/eprint/47736

Actions (login required)

View Item Archive Repository Staff Only