Munich Personal RePEc Archive

Economic freedom and natural disasters’ losses: Evidence from Asia

Huynh, Cong Minh and Hoang, Hong Hiep (2022): Economic freedom and natural disasters’ losses: Evidence from Asia.

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This paper examines the impact of economic freedom on losses of natural disasters in 35 Asian countries over the period 2000 – 2018. Results from various estimation methods show that economic freedom reduces natural disasters – proxied by both of total number of deaths and total economic losses from natural disasters, and this beneficial impact is intensified with the improvement of property rights and government integrity. Our findings assert the important role of economic freedom, property rights and government integrity in mitigating the losses of natural disasters.

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