Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/238433 
Year of Publication: 
2020
Series/Report no.: 
ADBI Working Paper Series No. 1076
Publisher: 
Asian Development Bank Institute (ADBI), Tokyo
Abstract: 
Natural disasters bring tremendous destruction to small island economies in the South Pacific region. Foreign development aid, as an important source of green finance in the region, has the fundamental purpose of reducing natural disasters' effect on the small island economies. With country level data on 13 Pacific island countries over 1981-2014, this study assesses the effectiveness of foreign development assistance in mitigating natural disasters' impact on Pacific economic growth. With the application of panel integration tests and the system generalized method of moments estimator, this study provides non-spurious and consistent empirical estimation of a growth model. It is found that while natural disasters greatly hinder economic growth in the region, official development assistance significantly mitigates such adverse effects.
Subjects: 
natural disaster
economic growth
South Pacific region
foreign development assistance
JEL: 
Q54
O49
R10
F35
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Working Paper

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