The Economic Impact Of Natural Disasters In The South Pacific
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Author |
: Dongyeol Lee |
Publisher |
: International Monetary Fund |
Total Pages |
: 37 |
Release |
: 2018-05-10 |
ISBN-10 |
: 9781484356388 |
ISBN-13 |
: 1484356381 |
Rating |
: 4/5 (88 Downloads) |
Synopsis The Economic Impact of Natural Disasters in Pacific Island Countries: Adaptation and Preparedness by : Dongyeol Lee
Pacific island countries are highly vulnerable to various natural disasters which are destructive, unpredictable and occur frequently. The frequency and scale of these shocks heightens the importance of medium-term economic and fiscal planning to minimize the adverse impact of disasters on economic development. This paper identifies the intensity of natural disasters for each country in the Pacific based on the distribution of damage and population affected by disasters, and estimates the impact of disasters on economic growth and international trade using a panel regression. The results show that “severe” disasters have a significant and negative impact on economic growth and lead to a deterioration of the fiscal and trade balance. We also find that the negative impact on growth is stronger for more intense disasters. Going further this paper proposes a simple and consistent method to adjust IMF staff’s economic projections and debt sustainability analysis for disaster shocks for the Pacific islands. Better incorporating the economic impact of natural disasters in the medium- and long-term economic planning would help policy makers improve fiscal policy decisions and to be better adapted and prepared for natural disasters.
Author |
: South Pacific Disaster Reduction Programme |
Publisher |
: |
Total Pages |
: 6 |
Release |
: 2003* |
ISBN-10 |
: OCLC:156730063 |
ISBN-13 |
: |
Rating |
: 4/5 (63 Downloads) |
Synopsis The Economic Impact of Natural Disasters in the South Pacific by : South Pacific Disaster Reduction Programme
Author |
: Teʼo Fairbairn |
Publisher |
: |
Total Pages |
: 111 |
Release |
: 1997 |
ISBN-10 |
: LCCN:99166858 |
ISBN-13 |
: |
Rating |
: 4/5 (58 Downloads) |
Synopsis The Economic Impact of Natural Disasters in the South Pacific by : Teʼo Fairbairn
Author |
: Emily McKenzie |
Publisher |
: |
Total Pages |
: 106 |
Release |
: 2005 |
ISBN-10 |
: UOM:39015063171840 |
ISBN-13 |
: |
Rating |
: 4/5 (40 Downloads) |
Synopsis Economic Impact of Natural Disasters on Development in the Pacific: Economic assessment tools by : Emily McKenzie
Author |
: Emily McKenzie |
Publisher |
: |
Total Pages |
: 100 |
Release |
: 2005 |
ISBN-10 |
: UOM:39015063171691 |
ISBN-13 |
: |
Rating |
: 4/5 (91 Downloads) |
Synopsis Economic Impact of Natural Disasters on Development in the Pacific: Research report by : Emily McKenzie
Author |
: Hoe Ee Khor |
Publisher |
: International Monetary Fund |
Total Pages |
: 61 |
Release |
: 2016-04-07 |
ISBN-10 |
: 9781484319833 |
ISBN-13 |
: 1484319834 |
Rating |
: 4/5 (33 Downloads) |
Synopsis Excerpt: Resilience and Growth in the Small States of the Pacific by : Hoe Ee Khor
This is a prepublication excerpt of Resilience and Growth in the Small States of the Pacific.
Author |
: Asian Development Bank |
Publisher |
: |
Total Pages |
: 28 |
Release |
: 2018-04 |
ISBN-10 |
: 9292611186 |
ISBN-13 |
: 9789292611187 |
Rating |
: 4/5 (86 Downloads) |
Synopsis Economic and Fiscal Impacts of Disasters in the Pacific by : Asian Development Bank
Pacific island countries need to build their fiscal and economic resilience to climate change and natural disasters as these have lasting consequences on their livelihoods, economies, and fiscal balances. Climate change and natural disasters can have lasting consequences on livelihoods, economies, and fiscal balances-spanning immediate reconstruction costs and fiscal shocks to long-term halts in tourism and agriculture economies. Globally, the most exposed to these impacts are the Pacific island countries. The Asian Development Bank is working closely with its Pacific developing member countries to prepare for and respond to the effects of climate change and natural hazards. This publication examines the often-overlooked dimension of resilience planning-how to brace economies for shocks caused by climate change and hazard events. It analyzes the exposure and vulnerability of Pacific economies to disaster events and outlines key resources for building fiscal and economic resilience.
Author |
: Hoe Ee Khor |
Publisher |
: International Monetary Fund |
Total Pages |
: 462 |
Release |
: 2016-08-10 |
ISBN-10 |
: 9781513507521 |
ISBN-13 |
: 1513507524 |
Rating |
: 4/5 (21 Downloads) |
Synopsis Resilience and Growth in the Small States of the Pacific by : Hoe Ee Khor
Pacific island countries face unique challenges to realizing their growth potential and raising living standards. This book discusses ongoing challenges facing Pacific island countries and policy options to address them. Regional cooperation and solutions tailored to their unique challenges, as well as further integration with the Asia and Pacific region will each play a role. With concerted efforts, Pacific island countries can boost potential growth, increase resilience, and improve the welfare of their citizens.
Author |
: Hidetaka Nishizawa |
Publisher |
: International Monetary Fund |
Total Pages |
: 31 |
Release |
: 2019-07-12 |
ISBN-10 |
: 9781513507989 |
ISBN-13 |
: 1513507982 |
Rating |
: 4/5 (89 Downloads) |
Synopsis Fiscal Buffers for Natural Disasters in Pacific Island Countries by : Hidetaka Nishizawa
Pacific island countries (PICs) are vulnerable severe natural disasters, especially cyclones, inflicting large losses on their economies. In the aftermath of disasters, PIC governments face revenue losses and spending pressures to address post-disaster relief and recovery efforts. This paper estimates the effects of severe natural disasters on fiscal revenues and expenditure in PICs. These are combined with information on the frequency of large disasters to calculate the rate of budgetary savings needed to build appropriate fiscal buffers. Fiscal buffers provide self-insurance against natural disaster shocks and facilitate quick disbursement for recovery and relief efforts, and protection of spending on essential services and infrastructure. The estimates can provide a benchmark for policymakers, and should be adjusted to take into account other sources of financing, as well as budget risks from less severe as well as more frequent disasters.
Author |
: Emily McKenzie |
Publisher |
: |
Total Pages |
: |
Release |
: 2005 |
ISBN-10 |
: LCCN:2006386651 |
ISBN-13 |
: |
Rating |
: 4/5 (51 Downloads) |
Synopsis Economic Impact of Natural Disasters on Development in the Pacific by : Emily McKenzie