The impact of disasters on economic growth in selected Southern Africa development community countries
SOURCE: Jamba: Journal of Disaster Risk Studies
OUTPUT TYPE: Journal Article
PUBLICATION YEAR: 1980
TITLE AUTHOR(S): E.Owusu-Sekyere, W.Lunga, S.T.Karuaihe
KEYWORDS: DISASTERS, ECONOMIC GROWTH, SOUTHERN AFRICAN DEVELOPMENT COMMUNITY (SADC)
DEPARTMENT: Developmental, Capable and Ethical State (DCES)
Print: HSRC Library: shelf number 12765
HANDLE: 20.500.11910/18844
URI: http://hdl.handle.net/20.500.11910/18844
OUTPUT TYPE: Journal Article
PUBLICATION YEAR: 1980
TITLE AUTHOR(S): E.Owusu-Sekyere, W.Lunga, S.T.Karuaihe
KEYWORDS: DISASTERS, ECONOMIC GROWTH, SOUTHERN AFRICAN DEVELOPMENT COMMUNITY (SADC)
DEPARTMENT: Developmental, Capable and Ethical State (DCES)
Print: HSRC Library: shelf number 12765
HANDLE: 20.500.11910/18844
URI: http://hdl.handle.net/20.500.11910/18844
If you would like to obtain a copy of this Research Output, please contact Hanlie Baudin at researchoutputs@hsrc.ac.za.
Abstract
This research study explores the impact of disasters on economic growth in selected Southern Africa Development Community countries. Annual data from 2005 to 2019 and panel data econometric estimation techniques are used in this study. The estimation approaches used control for both pooled and individual effects, heteroscedasticity, serial correlation, moderate levels of endogeneity and cross-sectional dependence (CSD). We found that although the impact of disasters on economic growth may be negative contemporaneously, reconstruction and recovery activities if well-resourced could facilitate building back better, which could ultimately lead to positive outcomes on economic growth a year after the disaster. We further tested the hypothesis in existing literature and confirm that quality institutions, favourable financial conditions and adequate access to international markets enhance a country's coping and adaptive capabilities to disasters, thereby reducing the country's level of risk to disasters.-
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