Building Resilience to Natural Disasters An Application to Small Developing States is popular PDF and ePub book, written by Ricardo Marto in 2017-10-30, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Building Resilience to Natural Disasters An Application to Small Developing States can be Read Online from any device for your convenience.
Building Resilience to Natural Disasters An Application to Small Developing States Book PDF Summary
We present a dynamic small open economy model to explore the macroeconomic impact of natural disasters. In addition to permanent damages to public and private capital, the disaster causes temporary losses of productivity, inefficiencies during the reconstruction process, and damages to the sovereign's creditworthiness. We use the model to study the debt sustainability concerns that arise from the need to rebuild public infrastructure over the medium term and analyze the feasibility of ex ante policies, such as building adaptation infrastructure and fiscal buffers, and contrast these policies with the post-disaster support provided by donors. Investing in resilient infrastructure may prove useful, in particular if it is viewed as complementary to standard infrastructure, because it raises the marginal product of private capital, crowding in private investment, while helping withstand the impact of the natural disaster. In an application to Vanuatu, we find that donors should provide an additional 50% of pre-cyclone GDP in grants to be spent over the following 15 years to ensure public debt remains sustainable following Cyclone Pam. Helping the government build resilience on the other hand, reduces the risk of debt distress and at lower cost for donors.
Detail Book of Building Resilience to Natural Disasters An Application to Small Developing States PDF
- Author : Ricardo Marto
- Release : 30 October 2017
- Publisher : International Monetary Fund
- ISBN : 9781484324745
- Genre : Business & Economics
- Total Page : 28 pages
- Language : English
- PDF File Size : 16,7 Mb
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