Natural Disaster, Government Revenues and Expenditures: Evidence from High and Middle-Income Countries

被引：7

作者：

Benali, Nadia ^{[1
]}

Ben Mbarek, Mounir ^{[1
]}

Feki, Rochdi ^{[2
]}

机构：

[1] Univ Sfax, Fac Econ & Management, Sfax, Tunisia

[2] Business Sch Sfax, Sfax, Tunisia

来源：

JOURNAL OF THE KNOWLEDGE ECONOMY | 2019年 / 10卷 / 02期

关键词：

Government expenditures; Government revenues; Natural disasters; Economic growth; Panel VAR; Panel unit roots; Granger causality; MONETARY-POLICY; MODEL;

D O I：

10.1007/s13132-017-0484-y

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper examines the dynamic links between government budgets (government expenditures and revenues), natural disaster, and three key macroeconomic indicators; economic growth, inflation rate, and government debt. By studying the annual data for high- and middle-income countries over 1990-2013 and employing a panel vector autoregressive model for detecting Granger causality, we find that there is a big correlation between these variables, including unidirectional causality between natural disasters and government debt. For middle-income countries there is a unidirectional causality from natural disasters to government expenditures. Thus, there is a unidirectional causality between natural disasters and economic growth and government revenues for high- and middle-income countries.

引用

页码：695 / 710

页数：16

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