Enhancing Macroeconomic Resilience to Natural Disasters and Climate Change in the Small States of the Pacific is popular PDF and ePub book, written by Ezequiel Cabezon in 2015-06-19, it is a fantastic choice for those who relish reading online the Nature genre. Let's immerse ourselves in this engaging Nature book by exploring the summary and details provided below. Remember, Enhancing Macroeconomic Resilience to Natural Disasters and Climate Change in the Small States of the Pacific can be Read Online from any device for your convenience.
Enhancing Macroeconomic Resilience to Natural Disasters and Climate Change in the Small States of the Pacific Book PDF Summary
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 been without natural disasters. The paper also discusses a multi-pillar framework to enhance 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 ex ante and ex post resilience and what role the IMF can play.
Detail Book of Enhancing Macroeconomic Resilience to Natural Disasters and Climate Change in the Small States of the Pacific PDF
- Author : Ezequiel Cabezon
- Release : 19 June 2015
- Publisher : International Monetary Fund
- ISBN : 9781513577074
- Genre : Nature
- Total Page : 37 pages
- Language : English
- PDF File Size : 8,6 Mb
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