University of International Business and Economics, Beijing 100029, China
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.
natural disasters; economic growth; loss compensation
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