Global Assessment Report on Disaster Risk Reduction 2015
Making development sustainable: The future of disaster risk management |
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105
(Source: Baritto, 2014 with data from EM-DAT and the World Bank.)
Figure 5.5 National economic growth with and without disaster loss impact
losses from a large number of events without significant effects on economic growth in the years following the event.
As the HFA draws to a close, there is also more evidence that disaster loss negatively affects
longer-term growth prospects in countries with limited liquidity and assets (Hochrainer, 2009
Hochrainer, Stefan. 2009,Assessing the Macroeconomic Impacts of Natural Disasters: Are there any? Policy Research Working Paper 4968, The World Bank, Washington, D.C.. . Noy, Ilan. 2009,The macroeconomic consequences of disasters, Journal of Development Economics 88 (2009): 221-231.. . Kim, Chul Kyu. 2010,The Effects of Natural Disasters on Long-Run Economic Growth, University of Michigan.. . Cavallo, Eduardo., Galiani, Sebastian., Noy, Ilan and Pantano, Juan. 2009,Natural Disasters and Economic Growth, November 10, 2009.. . Albala-Bertrand, José Miguel. 1993,Political Economy of Large Natural Disasters With Special Reference to Developing Countries, Oxford: Clarendon Press.. . |
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