Title: TECHNOLOGICAL DISASTERS AND EAST ASIAN ECONOMIES
Author:
Tam Bang Vu
Abstract:
This paper investigates economic losses caused by technological disasters in four East Asian nations—China, Mongolia, South Korea, and Japan—from 1990 to 2019. 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. We examine three economic sectors— primary, secondary, and tertiary—fighting against these 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.
Keywords: Technology, losses, hazards, sectors, East Asia.
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