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The Impact of disaster relief on economic growth : evidence from China

Recurso electrónico / electronic resource
MARC record
Tag12Value
LDR  00000cab a2200000 4500
001  MAP20130022925
003  MAP
005  20130920150248.0
008  130725e20130701esp|||p |0|||b|spa d
040  ‎$a‎MAP‎$b‎spa‎$d‎MAP
084  ‎$a‎328.1
1001 ‎$0‎MAPA20130009896‎$a‎Xua, Xian
24510‎$a‎The Impact of disaster relief on economic growth‎$b‎: evidence from China‎$c‎Xian Xu, Jiawei Mo
520  ‎$a‎In this paper we construct a simple two-period equilibrium model for analysing the impact of post-disaster transfer payments on economic growth. This model can be used to show that direct payment of disaster relief funds may aggravate rather than mitigate the negative impact of disasters on the economy. The substitution effect of direct transfer payment depresses post-disaster labour supply and hence economic growth. This conclusion from the theoretical model is tested using Chinese provincial panel data and applying generalised method of moments (GMM) system estimation. The empirical analysis largely confirms the theoretical predictions. In China, post-disaster transfer payments are indeed found to exacerbate the negative impact of disasters on economic growth. Therefore, we suggest that relief should be oriented to create work incentive in order to avoid its depressing effect on economic growth.
650 4‎$0‎MAPA20080590291‎$a‎Desastres naturales
650 4‎$0‎MAPA20080600648‎$a‎Crecimiento económico
650 4‎$0‎MAPA20080580865‎$a‎Impacto ambiental
650 4‎$0‎MAPA20080612429‎$a‎Riesgos extraordinarios
651 1‎$0‎MAPA20080644178‎$a‎China
7001 ‎$0‎MAPA20130012520‎$a‎Mo, Jiawei
7730 ‎$w‎MAP20077100215‎$t‎Geneva papers on risk and insurance : issues and practice‎$d‎Geneva : The Geneva Association, 1976-‎$x‎1018-5895‎$g‎01/07/2013 Volumen 38 Número 3 - julio 2013 , p. 495-520