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Effects of Disaster-Related Mortality on Gross Domestic Product in Pakistan
Abstract
Disaster related mortality is a growing economic concern in the Asian countries. These deaths are hypothesized to have a significant impact on per capita gross domestic Product (GDP) of the countries. The objective of the study is to empirically examine the impact of disaster related deaths on economic growth of Pakistan, by using ordinary least square method (OLS) during 1975 to 2009. The results reveal that there is a significant and positive impact of disaster related mortalities, human capital, gross investment and life expectancy on economic growth of Pakistan, while there is a negative impact of arable land, net exports and labor force on GDP per capita. The result implies that disaster significantly increase foreign aid which ultimately increases economic growth of Pakistan.
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