Enhancing Macroeconomic Resilience to Natural Disasters and Climate Change in the Small States of the Pacific

Medientyp: E-Book

Titel: Enhancing Macroeconomic Resilience to Natural Disasters and Climate Change in the Small States of the Pacific

Beteiligte: Cabezon, Ezequiel [VerfasserIn]; Cabezon, Ezequiel [Sonstige Person, Familie und Körperschaft]; Washimi, Kazuaki [Sonstige Person, Familie und Körperschaft]; Hunter, Leni [Sonstige Person, Familie und Körperschaft]; Tumbarello, Patrizia [Sonstige Person, Familie und Körperschaft]; Wu, Yiqun [Sonstige Person, Familie und Körperschaft]

Erschienen: Washington, D.C: International Monetary Fund, 2015
Online-Ausg.

Umfang: Online-Ressource (37 p)

Sprache: Englisch

DOI: 10.5089/9781513525792.001

ISBN: 1513525794; 9781513525792

Identifikator:

Schlagwörter: Vanuatu

Art der Reproduktion: Online-Ausg.

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Beschreibung: Natural disasters and climate change are interrelated macro-critical issues affecting all Pacific small states to varying degrees. In addition to their devastating human costs, these events damage growth prospects and worsen countries’ fiscal positions. This is the first cross-country IMF study assessing the impact of natural disasters on growth in the Pacific islands as a group. A panel VAR analysis suggests that, for damage and losses equivalent to 1 percent of GDP, growth drops by 0.7 percentage point in the year of the disaster. We also find that, during 1980-2014, trend growth was 0.7 percentage point lower than it would have resilience to natural disasters at the national, regional, and multilateral levels and the importance of enhancing countries’ risk-management capacities. It highlights how this approach can provide a more strategic and less ad hoc framework for strengthening both exante and ex post resilience and what role the IMF can play

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