scholarly journals An Analysis on the Impact of Natural Disasters on the Economy of the Philippines

2022 ◽  
Vol 4 (1) ◽  
pp. 163-183
Author(s):  
Bea Bringas ◽  
Lance Jared Bunyi ◽  
Carlos L. Manapat

Over the past century, natural disasters have been terrorizing the economy by causing human fatalities and damaging infrastructure and production inputs. The Solow growth model suggests that natural disasters adversely affect gross domestic product (GDP) since these disrupt the production of inputs. On the contrary, the Schumpeterian growth theory provides an explanation behind the positive effect of natural disasters on economic growth. This study analyzed the relationship between natural disasters (i.e. earthquake, flood, and storm), economic activities (i.e. foreign aid and foreign direct investment) and GDP per capita income in the Philippines from 1990 to 2019. This study employed a multivariate analysis, time series regression, and autoregressive distributed lag (ARDL) approach. The results revealed a complex relationship between GDP per capita and the regressors. In the short run, the independent variables have a negative and significant relationship with the country’s per capita income. On the contrary, only FDI has a significant long-run relationship with the economy of the Philippines. The results highlight the Philippines’ need for comprehensive disaster plans and to lessen its dependence on foreign and external factors.

2018 ◽  
Vol 13 (2) ◽  
pp. 47-54
Author(s):  
Candra Mustika ◽  
Erni Achmad ◽  
Etik Umiyati

This study aims to analyze the development of exports to Japan and foreign direct investment and per capita income in Indonesia during the period 1993-2014 also the impact of exports to Japan and foreign direct investment on per capita income of Indonesian people in that period. During research period starting in 1993-2014 where the GDP per capita has fluctuated where the average value is 15.058 in thousand rupiahs per year with an average growth of 16.61%, then the results obtained during that period the highest growth in 1998 is 50.50% and the lowest growth occurred in 2012 which was 8.46%. FDI Indonesia has fluctuated with an average value of 17,804.61 million US dollars and with an average growth of 15.35%. From the regression results on both models, the results found that in the first model the value of exports to Japan has a positive and significant effect on GDP per capita while the FDI variable does not have a positive and significant effect on GDP per capita


2021 ◽  
Vol 20 (12) ◽  
pp. 2294-2312
Author(s):  
Tat'yana A. ZHURAVLEVA ◽  
Anastasiya E. ZUBANOVA ◽  
Yuliya S. SOROKVASHINA

Subject. The poverty of the population with all features and factors of its manifestation causes deep structural problems that affect the development of the national economy. Objectives. The aim of the study is a comprehensive analysis of the poverty of the population category, using statistical data, identification of causes of the gap in the level of salaries of Russian and foreign specialists, determination of factors that have the greatest impact on the development of working poverty in Russia. Methods. The study draws on methods of logical and statistical analysis. Results. We considered approaches to the definition of poverty in Russia and other countries, analyzed absolute and relative poverty in Russia, the impact of subsistence minimum on the definition of poverty, assessed nominal and real incomes of the population. The ratio of the average per capita income of the population and the subsistence minimum decreased over the past decade, however, the poverty was not overcome during this period. The per capita income in Russia turned out to be low, real incomes continue to decline. Due to the ongoing coronavirus pandemic, a decline in wages can be traced, both in space and in time. Conclusions. Worsening the poverty situation in the country creates a chain of problems related to the distrust of the State policy in the social and labor spheres, expanded production slowdown, an increase in social tension in the society. A reduction of working poverty should be a priority task for the State.


2021 ◽  
Vol 18 (3) ◽  
pp. 297-304
Author(s):  
Sunetra Ghatak ◽  
Debajit Jha

Traditionally inter-state migration in India was limited compared to within state migration. Economic reforms in the early 1990s have boosted inter-state migration in the country. Hence, it is important to understand the impact of economic reforms on the determinants of inter-state migration. Recent studies have identified that state border; linguistic divide and per capita income play an important role in determining the location of inter-state migration in India. In this paper, we tried to understand the impact of economic reforms on the choice of the location of inter-state migration in the country by using a gravity model framework. We found that while the impact of per capita income difference has increased in the post-reform period, the impact of the common-border has declined. Moreover, the impact of the linguistic divide has initially increased after reforms.


2018 ◽  
Vol 14 (2) ◽  
pp. 115
Author(s):  
Samuel D. Barrows

The dynamics of the five fastest growing GDP per capita economies in Asia and the EU are studied between 2010 and 2014. This time frame was selected in order to avoid the height of the 2008-2009 financial crisis, but to include the stimulus and recovery periods which occurred afterward. The intent was not to compare the recoveries or the impact of the stimulus programs. The intent was to compare the economic growth rates of the two groups and also the absolute per capita income along with five topic areas on economies including: configuration, utilization, investments, demographics, and outcomes. A total of twenty measurements are used for assessment from the World Bank databank website. The findings are that the Asian economies grew faster while the EU economies had a higher per capita income. The workforces of the Asia economies are also younger and more flexible whereas the workforces of the EU economies are older, but more educated. Discussions include the links between effective governments and economic development and the links between democracy and economic levels.


2019 ◽  
Vol 43 (6) ◽  
pp. 587-631 ◽  
Author(s):  
Blaise Gnimassoun

Regional integration in Africa is a subject of great interest, but its impact on income has not been studied sufficiently. Using cross-sectional and panel estimations, this article examines the impact of African integration on real per capita income in Africa. Accordingly, we consider intra-African trade and migration flows as quantitative measures reflecting the intensity of regional integration. To address the endogeneity concerns, we use a gravity-based, two-stage least-squares strategy. Our results show that, from a long-term perspective, African integration has not been strong enough to generate a positive, significant, and robust impact on real per capita income in Africa. However, it does appear to be significantly income-enhancing in the short and medium terms but only through intercountry migration. These results are robust to a wide range of specifications.


Author(s):  
Khairunnisa Musari

Loan shark is a humanitarian problem faced by many countries in the world, including in Asia, even in the Association of Southeast Asian Nations (ASEAN)'s countries. Loan shark activities are found not only in Myanmar and Cambodia, which has the lowest per capita income in ASEAN but also in Indonesia, Thailand, Malaysia, Brunei, and even Singapore, which are the five countries with the highest gross domestic product (GDP) per capita in ASEAN. How are loan shark practices in ASEAN countries? Can nanofinance overcome the microfinance gap to fight the loan shark? How the practice of Bank Wakaf Mikro (BWM) in Indonesia to nanofinance with qardhul hassan contract? Find the answers in this chapter.


2020 ◽  
Vol 1 (1) ◽  
pp. 63-74
Author(s):  
Jarita Duasa ◽  
Nur Hidayah Zainal

Purpose The purpose of this study is to adopt quantile regression to investigate the impact of several factors on per capita income of participants of micro-financing scheme (Amanah Ikhtiar Malaysia [AIM]), who are mostly women at different point on the income distributions. Design/methodology/approach This study uses data collected from a survey on respondents who are the participants of AIM program using convenience sampling in Perak and Kelantan. Findings The empirical results show that the value of asset, value of loan, household size, ratio of spending to income and dummy state are consistently giving similar impacts on per capita income of participants at different quantiles. Originality/value However, age negatively and significantly affects per capita income only at middle and lower quantiles but not at higher quantile of per capita income.


2016 ◽  
Vol 49 (4) ◽  
pp. 784-800 ◽  
Author(s):  
Arthur Grimes ◽  
Valente J Matlaba ◽  
Jacques Poot

Using data spanning 70 years (1939–2008), we examine whether Kubitschek’s planned creation of Brasília and its associated highway network had its intended effect of spreading development from Brazil’s coast to its interior. Specifically, we test whether the spatial structure of the country’s urban population and per capita GDP changed as a result of Brasília’s inauguration in 1960. Uniquely amongst studies of Brasília’s impacts, we use a ‘spatial-difference-in-differences’ approach, contrasting pre-Brasília with post-Brasília outcomes. We control for macroeconomic conditions, fixed city-specific factors, convergence forces, changing industrial structure and agglomeration impacts arising from proximity to São Paulo and Rio de Janeiro. We find a modest impact on population in the western coastal and western interior regions whose share of Brazil’s urban population increased from 4.8% (1959) to 9.0% (2008); our spatial-difference-in-differences estimates show the impact to be statistically significant. We confirm per capita income convergence across regions, but we find no (descriptive or statistical) evidence of per capita income effects related to proximity to Brasília. Thus, even a massive development initiative such as Brasília’s creation is estimated to have had only limited population impacts and zero per capita income impacts on the spatial structure of Brazil’s economy outside of Brasília itself.


Author(s):  
Furqan Ali ◽  
Mohammad Asif

The rate of economic growth in India fluctuates with the world economic scenario. The developed countries being economically stable and highly advanced by technology, like U.S.A, France, Germany, Japan, and China faced the problem of economic crises. At the same time, the world comes to fluctuate their efficiency and empowerment to the leadership engagement in stabilizing the economy. In this paper, data taken from the Indian States as per capita income at the state level and compare it with all India average data. The Net State Domestic Product Per Capita Income (NSDPPCI), had taken on a current price for the short period 2011-2012 to 2016-2017. This paper compared the regional variation in state performance and compared the most riches states to inferior ones. The factors which affect economic performance are like stabilize the political stability in the state. We also focus comparison on the different political party announcements of the welfare scheme for the farmers and other poor people living in these states. Another factor like the level of education at states and center level, total population, and its growth rate, the public expenditure on the health sector. We measure income inequality, income distribution with the economic growth of India. KEYWORDS: Economic Growth; Inequality; Income Distribution; Political Stability.


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