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Natural Disasters, Economic Growth and Sustainable Development in China?An Empirical Study Using Provincial Panel Data
Guo et al. - 2015 - Natural Disasters, Economic Growth and Sustainable.pdf
Guo et al. - 2015 - Natural Disasters, Economic Growth and Sustainable.pdf (372.0Kb)
Using a newly developed integrated indicator system with entropy weighting, we analyzed the panel data of 577 recorded disasters in 30 provinces of China from 1985�11 to identify their links with the subsequent economic growth. Meteorological disasters promote economic growth through human capital instead of physical capital. Geological disasters did not trigger local economic growth from 1999�11. Generally, natural disasters overall had no significant impact on economic growth from 1985�98. Thus, human capital reinvestment should be the aim in managing recoveries, and it should be used to regenerate the local economy based on long-term sustainable development.