Do remittances dampen the effect of natural disasters on output growth volatility in developing countries?
AbstractThis paper analyzes the impact of natural disasters on the output growth volatility. Using a large sample of developing countries and mobilizing a dynamic panel data framework, it uncovers a diminishing macroeconomic destabilizing consequence of natural disasters as remittance inflows rise. It appears that the effect of natural disasters disappears for a remittance ratio above 8% of GDP. However, remittances aggravate the destabilizing effects of natural disasters when they exceed 17% of GDP.
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Date of creation: 05 Jan 2011
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Natural disasters; output growth volatility; Remittances;
Other versions of this item:
- Christian Ebeke & Jean-Louis Combes, 2013. "Do remittances dampen the effect of natural disasters on output growth volatility in developing countries?," Applied Economics, Taylor & Francis Journals, vol. 45(16), pages 2241-2254, June.
- Christian EBEKE & Jean-Louis COMBES, 2010. "Do remittances dampen the effect of natural disasters on output growth volatility in developing countries?," Working Papers 201031, CERDI.
- F20 - International Economics - - International Factor Movements and International Business - - - General
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters
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