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Autocorrelation in economic indicators before and after Natural Disaster

Author

Listed:
  • Muhammad Imtiaz Subhani
  • Syed Akif Hasan
  • Omer Farooq
  • Amber Osman

    () (Iqra University
    Iqra University
    Iqra University
    Iqra University)

Abstract

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 forthe period of 1989-2009. In thisstudy, data has been divided into two sets; first having a data for the period of 19892005forbefore earthquake and second has adata for the period of 2006-2009 for after earthquake. The findings of this paper reveal that all of the major economic 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.

Suggested Citation

  • Muhammad Imtiaz Subhani & Syed Akif Hasan & Omer Farooq & Amber Osman, 2012. "Autocorrelation in economic indicators before and after Natural Disaster," South Asian Journal of Management Sciences (SAJMS), Iqra University, Iqra University, vol. 6(1), pages 1-4, Spring.
  • Handle: RePEc:ajm:journl:v:6:y:2012:i:1:p:1-4
    as

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    File URL: http://sajms.iurc.edu.pk/issues/2012a/Spring2012V6N1P1.pdf
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    References listed on IDEAS

    as
    1. Tobias N. Rasmussen, 2004. "Macroeconomic Implications of Natural Disasters in the Caribbean," IMF Working Papers 04/224, International Monetary Fund.
    2. Noy, Ilan, 2009. "The macroeconomic consequences of disasters," Journal of Development Economics, Elsevier, vol. 88(2), pages 221-231, March.
    3. Mark Skidmore & Hideki Toya, 2002. "Do Natural Disasters Promote Long-Run Growth?," Economic Inquiry, Western Economic Association International, vol. 40(4), pages 664-687, October.
    4. Raddatz, Claudio, 2007. "Are external shocks responsible for the instability of output in low-income countries?," Journal of Development Economics, Elsevier, vol. 84(1), pages 155-187, September.
    5. Fearon, James D, 2003. "Ethnic and Cultural Diversity by Country," Journal of Economic Growth, Springer, vol. 8(2), pages 195-222, June.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Autocorrelation; economic players; natural disaster; developing countries;

    JEL classification:

    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • D6 - Microeconomics - - Welfare Economics
    • P43 - Economic Systems - - Other Economic Systems - - - Finance; Public Finance
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development

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