Hasan, Syed Akif and Subhani, Muhammad Imtiaz and Osman, Ms. Amber (2012): Autocorrelation in economic indicators before and after Natural Disaster. Published in: South Asian Journal of Management Sciences (SAJMS) , Vol. 6, No. 1 (2012): pp. 1-4.
Download (50kB) | Preview
This study investigates the autocorrelation in economic indicators of Pakistan before and after Natural disaster in the light of variables, which includes GDP (deflator), Inflation (CPI), Money supply (M2), Remittances and Net export (X-M). This study considers the data for the period of 1989-2009. In this study, data has been divided into two sets; first having a data for the period of 1989-2005 for before earthquake and second has a data for the period of 2006-2009 for after earthquake. The findings of this paper reveal that all of the major economical players of Pakistan as stated above do follow the certain upward trend for the period before natural disasters. While, after the event of natural disasters these major players have no certain trend and they move randomly.
|Item Type:||MPRA Paper|
|Original Title:||Autocorrelation in economic indicators before and after Natural Disaster|
|English Title:||Autocorrelation in economic indicators before and after Natural Disaster|
|Keywords:||Autocorrelation, economic players, natural disaster, developing countries|
|Subjects:||P - Economic Systems > P4 - Other Economic Systems > P43 - Public Economics ; Financial Economics
D - Microeconomics > D6 - Welfare Economics
B - History of Economic Thought, Methodology, and Heterodox Approaches > B2 - History of Economic Thought since 1925 > B22 - Macroeconomics
Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q0 - General > Q01 - Sustainable Development
|Depositing User:||Muhammad Imtiaz Subhani|
|Date Deposited:||31. Jul 2012 08:52|
|Last Modified:||19. Feb 2013 06:29|
Centre for Research on the Epidemiology of Disasters (CRED) (2004). Thirty years of natural disasters 1974-2003: The numbers. Presses Universitaires de Louvain: Louvain-La Neuve.
Fearon, J. D. (2003). Ethnic and Cultural Diversity by Country. Journal of Economic Growth, 8(2), 195–222.
Freeman, P.K. (2003). Natural Hazard Risk and Privatization, in A. Kreimer, M. Arnold and A. Carlin (eds.), Building Safer Cities: The Future of Disaster Risk, Disaster Management Facility, World Bank, Washington, D.C.
International Federation of the Red Cross and Red Crescent Societies (2002). World Disasters Report 2002, IFRC Geneva.
Noy, I. (2009). The macroeconomic consequences of disasters. Journal of Development Economics. 88 (2), 221-231.
Raddatz, C. (2007). Are external shocks responsible for the instability of output in low income countries? Journal of Development Economics. 84 (1), 155-187.
Rasmussen, T., (2004). Macroeconomic Implications of Natural Disasters in the Caribbean. IMF Working Paper, 1-24.
Skidmore, M. & H. Toya (2002). Do Natural Disasters Promote Long-run Growth? Economic Inquiry, 40: 664-687.
Tol, R. & F. Leek. (1990). Economic analysis of natural disasters. Climate, change and risk,ed.T.E. Downing, A.J. Olsthoorn and R.S.T. Tol, London: Routledge.