Yamamura, Eiji (2011): Institution and decomposition of natural-disaster impact on growth.
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We investigated whether natural disasters enhance efficiency improvement, capital accumulation, and technological progress. Furthermore, we examined whether the influence of natural disasters depends on the legal origin. By using long-term panel data, this paper decomposes productivity growth measured by the growth of output per labor unit into three components: efficiency improvement, capital accumulation, and technological progress. After controlling for countries’ specific unobservable characteristics and year-specific effects, we found that the impacts of natural disasters vary according to specifications. Natural disasters enhance capital accumulation and technological progress in non-French-civil-law countries, but have no effect in these areas in French-civil-law countries.
|Item Type:||MPRA Paper|
|Original Title:||Institution and decomposition of natural-disaster impact on growth|
|Keywords:||Institution, DEA, Natural disaster|
|Subjects:||Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q5 - Environmental Economics > Q54 - Climate; Natural Disasters; Global Warming
O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O14 - Industrialization; Manufacturing and Service Industries; Choice of Technology
B - History of Economic Thought, Methodology, and Heterodox Approaches > B1 - History of Economic Thought through 1925 > B15 - Historical; Institutional; Evolutionary
|Depositing User:||eiji yamamura|
|Date Deposited:||22. Dec 2011 21:20|
|Last Modified:||15. Feb 2013 21:12|
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