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Macroeconomic Impact of Natural Disasters in Albania

Author

Listed:
  • Valbona Cinaj

    (Albanian University)

  • Rebeka Ribaj

    (Ted Rogers School of Management)

Abstract

This paper has aim to take a general look at the impact that natural disasters have on a country's economy. Further expanding concretely in the impact caused by the earthquake of November 26, 2019, in the economy of Albania. This paper studied macroeconomic indicators over the past few years, forecasts for their progress before the natural disaster, and how they are projected to change after that. Damages and losses will be analyzed according to specific sectors of the economy as well as the impact on the main affected municipalities. The paper presents the authors conclusions and recommendations regarding the actions to be taken to help with the least harmful way of the earthquake.

Suggested Citation

  • Valbona Cinaj & Rebeka Ribaj, 2021. "Macroeconomic Impact of Natural Disasters in Albania," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 59-66, August.
    • Handle: RePEc:ovi:oviste:v:xxi:y:2021:i:1:p:59-66
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    More about this item

    Keywords

    macro; impact; natural; disaster;
    All these keywords.

    JEL classification:

    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General
    • E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications
    • F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts
    • F64 - International Economics - - Economic Impacts of Globalization - - - Environment

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