Previous empirical literature has found that income reduces disaster risks in forms of human loss. This study will add socio-economic variables, such as trade openness, size of government and corruption level as well as economic damages as another disaster impact measurement. This study utilizes disaster impact data over 15-year span on 18 APEC economies and has found that, applying pooled least squares, random and fixed effect model, human losses and economic damages as forms of disaster risks are reduced by higher income per capita, higher educational attainment and trade openness, added with smaller government size and lower corruption level.
|Number of pages||28|
|Journal||Journal of Economic Cooperation and Development|
|Publication status||Published - 2018|
- Economic Development
- GDP per capita
- Government Expenditure
- Natural Disasters