Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/147209
Authors: 
Halkos, George
Managi, Shunsuke
Tzeremes, Nickolaos
Year of Publication: 
2015
Citation: 
[Journal:] Journal of Economic Structures [ISSN:] 2193-2409 [Volume:] 4 [Year:] 2015 [Pages:] 1-13
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.
Subjects: 
Disasters
Production efficiency
Conditional efficiency
Nonparametric analysis
JEL: 
C14
D24
O47
Persistent Identifier of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by/4.0/
Document Type: 
Article

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