The dilemma of natural disasters: Impact on economy, fiscal position, and foreign direct investment alongside Belt and Road Initiative countries.

Clicks: 272
ID: 198035
2020
Article Quality & Performance Metrics
Overall Quality
Not rated
Combines reader engagement with the AI quality analysis. This article has not been analysed, so there is no overall score — reader engagement is measured and shown alongside.
AI Quality Assessment
Not analyzed
Readership in this journal
Emerging

Ranked #433 of 637 articles by views in The Science of the total environment

Most read Least read

Bar heights use a square-root scale. Only the 120 most-read articles are drawn; the journal has 637 in total.

Mint this article as an NFT
Not yet minted

Create a permanent, verifiable on-chain record of this article on the Scimatic Network. The NFT is held in your Journament account, and you can withdraw it to your own wallet at any time.

5 SUSD one-off · no wallet required
Sign in to mint
Abstract
This paper investigates the damages and population affected by natural disasters based on percentile rankings, and analyzes the impact on the economy, per capita, fiscal balance, and foreign direct investment using novel panel algorithms including; Generalized Method of Moment (GMM), Crossectionally augmented Autoregressive Distributed Lags (CS-ARDL), and Driscoll & Kraay (DK) in Belt and Road initiative countries (B&RIC) over 1990-2018. The results indicate that severe natural disasters have negatively influenced economic growth with an average size of -0.016, which is transmitted to fiscal balance (-0.011) and foreign direct investment (-0.0271) in the long-run. The results also imply that the intensity of severe disasters on the fiscal position of the B&RIC countries is negative with an average effect of -0.011; however, the trade-openness, FDI, and economic activities support to improve the fiscal balance in the long-run. The outcomes of the study further revealed that foreign direct investment is more elastic in response to natural disasters in these countries. Therefore, it is recommended that the policymakers in B&RI countries should integrate the economic impacts of natural disasters in long-term economic planning. This would help the policymakers for better fiscal decisions, attracting FDI inflows and preparedness aftermath of natural disasters.
Reference Key
khan2020thethe Use this key to autocite in the manuscript while using SciMatic Manuscript Manager or Thesis Manager
Authors Khan, Anwar;Chenggang, Yang;Khan, Garee;Muhammad, Faqeer;
Journal The Science of the total environment
Year 2020
DOI
S0048-9697(20)34100-0
URL
Keywords
economic growth foreign direct investment natural disasters b&ri countries fiscal balance

Citations

No citations found. To add a citation, contact the admin at info@scimatic.org

Comments

No comments yet. Be the first to comment on this article.