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Natural Disasters, Economic Growth and Sustainable Development in China―An Empirical Study Using Provincial Panel Data

by Ji Guo 1,2,*, Hui Liu 2, Xianhua Wu 1,2, Jiong Gu 2, Shunfeng Song 3,4 and Yinshan Tang 5
1
Collaborative Innovation Center on Forecast and Evaluation of Meteorological Disasters, Nanjing University of Information Science & Technology, Nanjing 10044, China
2
School of Economics and Management, Nanjing University of Information Science & Technology, Nanjing 210044, China
3
Department of Economics, College of Business, University of Nevada, Reno 89557, NV, USA
4
School of Economics and Management, Tianjin Chengjian University, Tianjin 300384, China
5
Henley Business School, University of Reading, Reading RG6 6UD, UK
*
Author to whom correspondence should be addressed.
Academic Editor: Yehua Dennis Wei
Sustainability 2015, 7(12), 16783-16800; https://doi.org/10.3390/su71215847
Received: 6 October 2015 / Revised: 23 November 2015 / Accepted: 10 December 2015 / Published: 19 December 2015
(This article belongs to the Special Issue Urban Land and Sustainable Development)
Using a newly developed integrated indicator system with entropy weighting, we analyzed the panel data of 577 recorded disasters in 30 provinces of China from 1985–2011 to identify their links with the subsequent economic growth. Meteorological disasters promote economic growth through human capital instead of physical capital. Geological disasters did not trigger local economic growth from 1999–2011. Generally, natural disasters overall had no significant impact on economic growth from 1985–1998. Thus, human capital reinvestment should be the aim in managing recoveries, and it should be used to regenerate the local economy based on long-term sustainable development. View Full-Text
Keywords: Economic growth; geological disasters; meteorological disasters; human capital; physical capital Economic growth; geological disasters; meteorological disasters; human capital; physical capital
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Guo, J.; Liu, H.; Wu, X.; Gu, J.; Song, S.; Tang, Y. Natural Disasters, Economic Growth and Sustainable Development in China―An Empirical Study Using Provincial Panel Data. Sustainability 2015, 7, 16783-16800.

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