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Disaster risk, inequality, and fiscal sustainability

Le, Anh H.; Park, Donghyun; Beirne, John; Uddin, … - 2024

panel data, we show that rising climate-related disaster risks increase government debt and harm fiscal sustainability. We … also find that the adverse effect of disaster risks is larger for low-income households, exacerbating inequality. Second … distributional effect of disaster risk. The model features two kinds of households and a fiscal authority. We show that disaster risk …

Persistent link: https://www.econbiz.de/10015133082

The Natural Disaster Vulnerability Evaluation Model (NDVE-Model) : An Application to the Northeast Japan Earthquake and Tsunami of March 2011

Ruiz Estrada, Mario Arturo; Park, Donghyun - 2013

indicators – (i) the natural disasters vulnerability propensity rate (Ω); (ii) the natural disaster devastation magnitude rate (Π …

Persistent link: https://www.econbiz.de/10014042914

The Natural Disasters Vulnerability Evaluation Model (NDVE-Model) : An Application to the Northeast Japan Earthquake and Tsunami of March 2011

Ruiz Estrada, Mario Arturo; Yap, Sufei; Park, Donghyun - 2022

natural disaster devastation magnitude rate (Π); (iv) the economic desgrowth rate (δ); (v) and the natural hazards …

Persistent link: https://www.econbiz.de/10013291673

Economic growth, financial development, and income inequality

Park, Donghyun; Shin, Kwanho - 2015

The central objective of our paper is to empirically examine the relationship between financial development and income inequality. Theoretically, there are grounds for both a positive and negative relationship between the two variables. Our main finding is that financial development contributes...

Persistent link: https://www.econbiz.de/10011305273

The landscape of economic growth : do middle-income countries differ?

Eichengreen, Barry; Park, Donghyun; Shin, Kwanho - 2017

We review the growth experience of middle-income countries. Economic factors associated with growth appear to differ between middle income and other countries. The efficiency of the financial system is importantly related to the growth rate in low- and middle-income countries, but appears to...

Persistent link: https://www.econbiz.de/10011703225

Population Aging, Silver Dividend, and Economic Growth

Park, Donghyun; Shin, Kwanho - 2023

While there are growing concerns about population aging, some studies explore the possibility that population aging can give rise to a silver dividend that contributes to economic growth (ADB 2019). While the demographic dividend refers to the increase of the working-age population, the silver...

Persistent link: https://www.econbiz.de/10014259990

Economic Growth, Financial Development, and Income Inequality

Park, Donghyun - 2015

Persistent link: https://www.econbiz.de/10013009688

Capital market openness and output volatility

Hwang, Kwang-myoung; Park, Donghyun; Shin, Kwanho - In: Pacific economic review 18 (2013) 3, pp. 403-430

Persistent link: https://www.econbiz.de/10010234873

Economic resilience : why some countries recover more robustly than others from shocks

Eichengreen, Barry; Park, Donghyun; Shin, Kwanho - In: Economic modelling 136 (2024), pp. 1-16

Persistent link: https://www.econbiz.de/10014549157

Capital Market Openness and Output Volatility

Hwang, Kwang‐Myoung; Park, Donghyun; Shin, Kwanho - 2015

At a conceptual level, opening of capital markets entails a number of benefits and costs. One major cost of financial openness is output volatility. In this paper, using data from 21 advanced and 81 developing countries during 1971-2010, we empirically examine the impact of capital market...

Persistent link: https://www.econbiz.de/10014137125