Welcome to Francis Academic Press

Academic Journal of Humanities & Social Sciences, 2019, 2(2); doi: 10.25236/AJHSS.040060.

Research on Natural Disasters’ impact of China’s Economic Growth and Loss Compensation mechanism

Author(s)

Xinran Song

Corresponding Author:
Xinran Song
Affiliation(s)

University of International Business and Economics, Beijing, 100029, China

Abstract

Natural disasters happen frequently in China, with a wide range and a large impact. The results of the panel data regression model show that total natural disasters do not have great influences on China's economic growth. However, the impact of specific types of different disasters on economic growth is more obvious and has large differences. There have been various types of severe losses caused by natural disasters in China but with a downward trend in recent years. The reason is that China has made breakthroughs in pre-disaster defense and post-disaster emergency response. It’s important to start with improving the loss compensation mechanism for a further solution of reducing its economic impact.

Keywords

natural disasters; economic growth; loss compensation

Cite This Paper

Xinran Song. Research on Natural Disasters’ impact of China’s Economic Growth and Loss Compensation mechanism . Academic Journal of Humanities & Social Sciences (2019) Vol. 2, Issue 2: 185-191. https://doi.org/10.25236/AJHSS.040060.

References

[1] Noy, 2008, The macroeconomic consequences of disasters. Journal of Development Economics, doi: 10.1016/j. jdeveco. 2008.02.005
[2] EM-DAT. http://data.worldbank.org/indicator.
[3] Daisuke Oyama, Hiroki Yasuda, Noriyuki Yanagawa, 2011, What can be seen from the perspective of economics when thinking about revival, Economic Seminar Special Issue-Economics of revival and hope, Economic Review of Japan, 31-38.
[4] Yasuyuki Sawada, Hiroaki Kodera, 2011,Disasters and economics, Review of World Economy. 55(4): 45-49.
[5] Rasmussen. Macroeconomic Implications of Natural Disasters in the Caribbean Tobias N. 2004.
[6] Skidmore, M. and Toya, H, 2002, Do Natural Disasters Promote Long-Run Growth? Economic Inquiry, 40, 664-687.
[7] Chang SE, Rose AZ(2012). Towards a theory of economic recovery from disasters. International Journal of Mas Emergencies and Disasters, 32(2):171
[8] Toya, Hideki and Mark Skidmore, 2007. Economic Development and the Impacts of Natural Disasters, Economics Letters, 94(1): 20-25.
[9] Hiroaki Tsubokawa(2012). Japan's Earthquake Insurance System.Journal of Japan Association for Earthquake Engineering, (4):3-5
[10] Noy, Ilan and Eduardo Cavallo, 2011, The Economics of Natural Disasters : A Survey, International Review of Environmental and Resource Economics, (51): 63-102.
[11] Li Ning, Zhang Zhengtao, Chen Wei, Feng Jieling, 2017, On the Importance of Economic Loss Assessment of Natural Disasters. Advances in Geography, 2017, 02.
[12] Tang Yandong, 2011, Disaster Economics . Beijing: Tsinghua University Press.
[13] National Bureau of Statistics. http://www.stats.gov.cn
[14] Zou Wei,2017, Exploring the Relationship between Natural Disasters and Economic Growth——Based on Empirical Analysis of Cross-Panel Data. Times Finance, 2017, 35.
[15] Yang Xia. 2010, Research on Natural Disaster Risk Transfer. Wuhan Finance, 2010.
[16] QI Chao, CHEN Fangzheng, 2010, Research on Compensation Mechanism of Earthquake Disaster Loss in Japan and China.Northwestern Seismological Journal32:248-252.
[17] Jiang Sanliang, Li Pan, 2016. Capital Output Ratio, Technological Progress Rate and Economic Growth . Economics and Management Review, 2016.
[18] Okuyama Y. (2003). Economics of natural disasters: A critical review Research Paper,12, PP.20~22.
[19] Dercon S(2004). Growth and shocks: Evidence from rural Ethiopia,Journal of Development Economics,74(2),PP.309~329.