Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/222758
Authors: 
Taghizadeh-Hesary, Farhad
Yoshino, Naoyuki
Mortha, Aline
Sarker, Tapan
Year of Publication: 
2019
Series/Report no.: 
ADBI Working Paper Series No. 991
Abstract: 
A review of the academic literature on the topic has proved that most studies have been focused on how to finance the risk and indemnify the damages caused by an earthquake, rather than on mitigation measures. This study assessed the impact of quality infrastructure, development indicators and corruption on damages caused by a natural disaster using a panel data from 14 Asia and Pacific countries for 2007-2017. Using the generalized method of moments and vector error correction model, the study quantified the role of quality infrastructure in disaster impact mitigation. The empirical results suggest that increasing the quality of infrastructure may have a large impact on decreasing costs arising from natural disasters, and that policy makers should use public-private cooperation and schemes introduced by the study to prompt the construction of quality infrastructure. Because quality infrastructure development suffers from a lack of financing, several financing schemes are presented.
Subjects: 
disaster resiliency
disaster risk financing
quality infrastructure
disaster risk management
JEL: 
Q54
H54
O18
H84
Creative Commons License: 
https://creativecommons.org/licenses/by-nc-nd/3.0/igo/
Document Type: 
Working Paper

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