Title: NATURAL DISASTERS AND NORTHEAST-ASIAN ECONOMIES
Author:
Tam Bang Vu
Abstract:
We examine the multi-façade impact of natural disasters in four Northeast-Asian countries—China, Mongolia, South Korea, and Japan—from 1995 to 2022 the article analyzes three main types of losses—the number of deaths (mortalities), the number of people affected (affected people), and the magnitudes of direct damages in US dollars (direct damages) — caused by technological disasters. The paper looks at three economic sectors— primary, secondary, and tertiary—in relation to disaster losses. The results show that mortalities have adverse effects on the primary and secondary sectors. The impacts on the tertiary sector are mostly not statistically significant. However, the effects of affected people and direct damages on the economy depend on economic sectors and nations in East Asia.
JEL classification: O40, Q54
Keywords: Natural disasters, losses, hazards, sectors, Northeast Asia.
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