This paper uses the 1990-2010 natural disaster and carbon emission data of G20 countries to examine the impact of natural disasters and climate change on the natural capital component of inclusive wealth. Our study shows that climate change and GDP have no positive impacts on the growth of natural capital. By contrast, trade openness and natural disaster frequency contribute to the accumulation of natural capital in G20 countries. There is an inverted U-shaped relationship between the growth of natural capital and the magnitude of natural disaster. Natural capital growth is not affected very much by small disasters. By contrast, large disasters tend to make the growth of natural capital fall sharply.
1.Zhejiang Univ Technol, Sch Econ & Management, Hangzhou 310023, Zhejiang, Peoples R China 2.Chinese Acad Social Sci, Inst World Econ & Polit, Beijing 100732, Peoples R China 3.Univ Huddersfield, Huddersfield Business Sch, Dept Accountancy Finance & Econ, Huddersfield HD1 3DH, W Yorkshire, England 4.Tianjin Univ Commerce, Sch Econ, Tianjin 300134, Peoples R China 5.Zhejiang Univ, Sch Econ, Hangzhou 310027, Zhejiang, Peoples R China 6.Shenandoah Univ, Harry F Byrd Jr Sch Business, Winchester, VA 22601 USA
Recommended Citation:
Fang, Jianchun,Lau, Chi Keung Marco,Lu, Zhou,et al. Natural disasters, climate change, and their impact on inclusive wealth in G20 countries[J]. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH,2019-01-01,26(2):1455-1463