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@article{ART002244235},
author={CHOI, CHOONGIK},
title={Understanding the Impacts of Disasters on Economic Growth: Application of Solow Growth Model and Its Implications},
journal={Crisisonomy},
issn={2466-1198},
year={2017},
volume={13},
number={6},
pages={69-83},
doi={10.14251/crisisonomy.2017.13.6.69}

TY - JOUR
AU - CHOI, CHOONGIK
TI - Understanding the Impacts of Disasters on Economic Growth: Application of Solow Growth Model and Its Implications
JO - Crisisonomy
PY - 2017
VL - 13
IS - 6
PB - Crisis and Emergency Management: Theory and Praxis
SP - 69
EP - 83
SN - 2466-1198
AB - This article attempts to examine the impacts of disasters on economic growth with the application of the Solow growth model. The paper employs the Solow growth model as a methodology, which represents a neoclassical growth theory in economics. The key idea of this research begins with the assumption that the degree of disaster damage differs across the countries as they have different socioeconomic systems in the spatiotemporal context. In the Solow growth model, it is assumed that there are three main causes of economic growth; increase in the stock of capital, growth in labor input and technological progress. This research has a theoretical basis on the hypothesis that disasters have a strong influence on the national or regional economic system. The results support that the disastrous effects on economic growth depend on the economic status of countries or regions. In addition, the Solow growth model reveals economic inequality in the impacts of disasters.
KW - solow growth model;disaster;economic growth;inequality
DO - 10.14251/crisisonomy.2017.13.6.69
ER -

CHOI, CHOONGIK. (2017). Understanding the Impacts of Disasters on Economic Growth: Application of Solow Growth Model and Its Implications. Crisisonomy, 13(6), 69-83.

CHOI, CHOONGIK. 2017, "Understanding the Impacts of Disasters on Economic Growth: Application of Solow Growth Model and Its Implications", Crisisonomy, vol.13, no.6 pp.69-83. Available from: doi:10.14251/crisisonomy.2017.13.6.69

CHOI, CHOONGIK "Understanding the Impacts of Disasters on Economic Growth: Application of Solow Growth Model and Its Implications" Crisisonomy 13.6 pp.69-83 (2017) : 69.

CHOI, CHOONGIK. Understanding the Impacts of Disasters on Economic Growth: Application of Solow Growth Model and Its Implications. 2017; 13(6), 69-83. Available from: doi:10.14251/crisisonomy.2017.13.6.69

CHOI, CHOONGIK. "Understanding the Impacts of Disasters on Economic Growth: Application of Solow Growth Model and Its Implications" Crisisonomy 13, no.6 (2017) : 69-83.doi: 10.14251/crisisonomy.2017.13.6.69

CHOI, CHOONGIK. Understanding the Impacts of Disasters on Economic Growth: Application of Solow Growth Model and Its Implications. Crisisonomy, 13(6), 69-83. doi: 10.14251/crisisonomy.2017.13.6.69

CHOI, CHOONGIK. Understanding the Impacts of Disasters on Economic Growth: Application of Solow Growth Model and Its Implications. Crisisonomy. 2017; 13(6) 69-83. doi: 10.14251/crisisonomy.2017.13.6.69

CHOI, CHOONGIK. Understanding the Impacts of Disasters on Economic Growth: Application of Solow Growth Model and Its Implications. 2017; 13(6), 69-83. Available from: doi:10.14251/crisisonomy.2017.13.6.69

CHOI, CHOONGIK. "Understanding the Impacts of Disasters on Economic Growth: Application of Solow Growth Model and Its Implications" Crisisonomy 13, no.6 (2017) : 69-83.doi: 10.14251/crisisonomy.2017.13.6.69