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.

Abstract

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.

• Item Type: MPRA Paper
• Language: English
• Keywords: Economic freedom; Natural disasters’ losses; Property right; Government integrity
• Subjects: A - General Economics and Teaching > A1 - General Economics > A11 - Role of Economics ; Role of Economists ; Market for Economists; B - History of Economic Thought, Methodology, and Heterodox Approaches > B1 - History of Economic Thought through 1925 > B12 - Classical (includes Adam Smith); D - Microeconomics > D2 - Production and Organizations > D23 - Organizational Behavior ; Transaction Costs ; Property Rights; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q5 - Environmental Economics > Q54 - Climate ; Natural Disasters and Their Management ; Global Warming

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