Citation

Lee CY, Tang CF. J. Poverty 2019; 23(6): 478-486.

Copyright

(Copyright © 2019, Informa - Taylor and Francis Group)

DOI

10.1080/10875549.2019.1616033

PMID

unavailable

Abstract

This study aims to investigate the causal relationship between poverty, growth, financial development, and natural disasters in the Philippines from 1970 to 2014. The Toda-Yamamoto version of the Granger causality test was employed. We find that financial development, poverty, and economic growth were bidirectionally causal. However, we noted a unidirectional Granger causality from natural disasters to financial development and economic growth. In this regard, effective disaster risk-reduction strategies and risk management practices are proposed to mitigate the influence of natural disasters on the rate of poverty and thus promote sustainable economic growth and financial development in the Philippines.

Language: en

Keywords

Causality; economic growth; financial development; natural disasters; poverty