The effect of natural and man-made disasters on countries’ production efficiency

16Citations
Citations of this article
26Readers
Mendeley users who have this article in their library.

This article is free to access.

Abstract

This study intends to understand how disaster is related to countries’ production efficiency using a sample of 137 countries over 1980–2011. We analyze the effect of the number of man-made and natural disaster occurrences on countries’ technological change (swift of the frontier) and technological catch-up (distribution of efficiencies). The results reveal an inverted “U” shape relationship between countries’ technological change and technological catch-up with disaster occurrences. This finding suggests that the effect on countries’ production efficiency is positive for lower number of disaster events; however, after a specific threshold value, the effect becomes negative. The results also reveal that low-income countries are negatively affected much quicker compared to high-income countries. Finally, it is evident that the negative effect of disaster occurrences impacts first countries’ technological catch-up and then their technology change.

Cite

CITATION STYLE

APA

Halkos, G., Managi, S., & Tzeremes, N. G. (2015). The effect of natural and man-made disasters on countries’ production efficiency. Journal of Economic Structures, 4(1). https://doi.org/10.1186/s40008-015-0019-2

Register to see more suggestions

Mendeley helps you to discover research relevant for your work.

Already have an account?

Save time finding and organizing research with Mendeley

Sign up for free