Global S&T Development Trend Analysis Platform of Resources and Environment
Natural Disasters, Public Spending, and Creative Destruction: A Case Study of the Philippines | |
[unavailable] | |
2018-03-07 | |
出版年 | 2018 |
语种 | 英语 |
国家 | 国际 |
领域 | 气候变化 |
英文摘要 |
![]() Natural disasters may cause suffering and threaten life, but they can also promote economic growth. Typhoons, floods, and other weather-related shocks can inflict suffering on local populations and create life-threatening conditions for the poor. Yet, natural disasters also present a development opportunity to upgrade capital stock, adopt new technologies, enhance the risk-resiliency of existing systems, and raise standards of living. This is akin to the “creative destruction” hypothesis coined by economist Joseph Schumpeter in 1943 to describe the process where innovation, learning, and growth promote advanced technologies as conventional technologies become outmoded. To test the hypothesis in the context of natural disasters, we look at the case of the Philippines—among the most vulnerable countries in the world to such disasters, especially typhoons. Using synthetic panel data regressions, we show that typhoon-affected households are more likely to fall into lower income levels, although disasters can also promote economic growth. Augmenting the household data with municipal fiscal data, we show some evidence of the creative destruction effect: Municipal governments in the Philippines helped mitigate the poverty impact by allocating more fiscal resources to build local resilience while also utilizing additional funds poured in by the national government for rehabilitation and reconstruction. WORKING PAPER NO: 817 |
URL | 查看原文 |
来源平台 | Asian Development Bank |
文献类型 | 科技报告 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/234924 |
专题 | 气候变化 |
推荐引用方式 GB/T 7714 | [unavailable]. Natural Disasters, Public Spending, and Creative Destruction: A Case Study of the Philippines,2018. |
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adbi-wp817.pdf(642KB) | 科技报告 | 开放获取 | CC BY-NC-SA | 浏览 下载 |
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