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Identifying the influence of natural disasters on technological innovation

Author

Listed:
  • Chen, Yin-E
  • Li, Chunyan
  • Chang, Chun-Ping
  • Zheng, Mingbo

Abstract

We study the influence of natural disasters on technological innovation for a panel of 49 countries. After controlling for endogeneity issues and using several measures of natural disasters (occurrences, deaths, affected people, and economic damages) we find that natural disasters have a significantly negative effect on technological innovation. We also study the disaggregated effects of natural disasters and find that earthquakes, extreme temperatures, floods, and storms influence innovations most.

Suggested Citation

  • Chen, Yin-E & Li, Chunyan & Chang, Chun-Ping & Zheng, Mingbo, 2021. "Identifying the influence of natural disasters on technological innovation," Economic Analysis and Policy, Elsevier, vol. 70(C), pages 22-36.
    • Handle: RePEc:eee:ecanpo:v:70:y:2021:i:c:p:22-36
    DOI: 10.1016/j.eap.2021.01.016
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    8. Beniamino Callegari & Christophe Feder, 2022. "The long-term economic effects of pandemics: toward an evolutionary approach [Epidemics and trust: the case of the Spanish flu]," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 31(3), pages 715-735.
    9. Lindong Ma & Yuanxiao Hong & Xihui Chen & Xiaoyong Quan, 2022. "Can Green Innovation and New Urbanization Be Synergistic Development? Empirical Evidence from Yangtze River Delta City Group in China," Sustainability, MDPI, vol. 14(10), pages 1-21, May.
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    13. Wen, Jun & Yin, Hua-Tang & Jang, Chyi-Lu & Uchida, Hideaki & Chang, Chun-Ping, 2023. "Does corruption hurt green innovation? Yes – Global evidence from cross-validation," Technological Forecasting and Social Change, Elsevier, vol. 188(C).
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    Keywords

    Natural disasters; Technological innovation; Epidemic; Generalized method of moments;
    All these keywords.

    JEL classification:

    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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