Climatic natural disasters, political risk, and international trade

Oh, Chang Hoon; Reuveny, Rafael

doi:10.1016/j.gloenvcha.2009.11.005

Cited by 108 publications

(80 citation statements)

References 40 publications

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“…9 For example, Busse and Hefeker (2007) find that the level of political risk in a country significantly influences the inflows of foreign direct investment. 10 Oh and Reuveny (2010). 11 Oh and Reuveny (2010) investigate the interaction effects of natural disasters and political risk on international trade.…”

Section: Introductionmentioning

confidence: 99%

“…10 Oh and Reuveny (2010). 11 Oh and Reuveny (2010) investigate the interaction effects of natural disasters and political risk on international trade.…”

Section: Introductionmentioning

confidence: 99%

“…We also use the data on GDP that come from the World Bank's World Development Indicators (2011) to express the insurance premiums variables as a percentage of GDP (insurance penetration). 79 Raddatz (2007); Noy (2009);Oh and Reuveny (2010). 80 Noy (2009) explains that these sources consist of non-governmental institutions, United Nations organisations, research institutions, insurance corporations and the media.…”

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confidence: 99%

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Natural Disasters, Political Risk and Insurance Market Development

Chang

Berdiev

2013

Geneva Pap Risk Insur Issues Pract

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We examine the relationship between natural disasters, political risk and insurance market development in a panel of 39 countries over the period 1984-2009 using a dynamic panel two-step system generalised method of moments model. We provide evidence that the incidences of natural disasters and deaths caused by natural disasters lead to greater total insurance, as well as life insurance and non-life insurance consumption. We also find that countries with lower levels of political risk experience higher insurance consumption. The incidences of natural disasters and deaths attributable to natural disasters contribute to insurance market development under the tenure of a government with lower levels of political risk. We therefore emphasise that natural disasters, political risk and their interaction effects are important determinants of insurance market development.

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Section: Introductionmentioning

confidence: 99%

“…10 Oh and Reuveny (2010). 11 Oh and Reuveny (2010) investigate the interaction effects of natural disasters and political risk on international trade.…”

Section: Introductionmentioning

confidence: 99%

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confidence: 99%

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Natural Disasters, Political Risk and Insurance Market Development

Chang

Berdiev

2013

Geneva Pap Risk Insur Issues Pract

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“…They found that disasters reduced trade in both exporter and importer countries. Oh and Reuveny (2010) examined the impact of climatic disasters and political risk on international trade from the standpoint of global climate change. They also found that an increase in climatic disasters in either importer or exporter countries reduced their bilateral trade.…”

Section: Y Meng Et Al: the Asymmetric Impact Of Natural Disastersmentioning

confidence: 99%

“…From a global perspective, natural disasters have negative trade effects (Oh and Reuveny, 2010;Gassebner et al, 2006). However, if we focus on a specific country or region, the result may be totally different.…”

Section: Theorymentioning

confidence: 99%

The asymmetric impact of natural disasters on China's bilateral trade

Yang

Shi

et al. 2015

Nat. Hazards Earth Syst. Sci.

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Abstract. Globalization and technological revolutions are making the world more interconnected. International trade is an important approach linking the world. Since the 2011 Tohoku earthquake and tsunami in Japan shocked the global supply chain, more attention has been paid to the global impact of large-scale disasters. China is the second largest trader in the world and faces frequent natural disasters. Therefore, this study proposes a gravity model for China's bilateral trade tailored to national circumstances and estimates the impact of natural disasters in China and trading partner countries on Chinese imports and exports. We analyzed Chinese and trading partner statistical data from 1980 to 2012. Study results show the following: (1) China's natural disasters have a positive impact on exports but have no significant impact on imports; (2) trading partner countries' natural disasters reduce Chinese imports and exports; (3) both development level and land area of the partners are important in determining the intensity of natural disaster impacts on China's bilateral trade. The above findings suggest that the impact of natural disasters on trade is asymmetric and significantly affected by other factors, which demand further study.

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Recovering from natural disaster through exports: The case of 2010 Pakistan flood and EU tariff waiver on Pakistan textile exports

Ijaz,

2024

J of Agr & App Econ Assoc

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The objective of this study is to estimate the impact of a unilateral tariff waiver to Pakistan from the EU, intended as a relief package after the 2010 floods, on cotton exports and production in the country. We use the Synthetic Control Method and the Interactive Fixed Effects Counterfactual Estimator to assess the impact of the 2010 flood and the 2012 tariff waiver. Our findings suggest that the 2010 flood in Pakistan and the subsequent 2012 tariff waiver had limited impacts on cotton exports and production in Pakistan.

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Climatic natural disasters, political risk, and international trade

Cited by 108 publications

References 40 publications

Natural Disasters, Political Risk and Insurance Market Development

Natural Disasters, Political Risk and Insurance Market Development

The asymmetric impact of natural disasters on China's bilateral trade

Recovering from natural disaster through exports: The case of 2010 Pakistan flood and EU tariff waiver on Pakistan textile exports

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