Nexus between natural and technical disaster shocks, resource depletion and growth-specific factors: evidence from quant
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Nexus between natural and technical disaster shocks, resource depletion and growth‑specific factors: evidence from quantile regression Waseem Akhter1 · Khalid Zaman1 · Abdelmohsen A. Nassani2 · Muhammad Moinuddin Qazi Abro2 Received: 19 November 2019 / Accepted: 4 July 2020 © Springer Nature B.V. 2020
Abstract The objective of the study is to examine the impact of natural disasters on environmental resource depletion in a context of Pakistan by using a consistent time series data from 1975 to 2016. The results of quantile regression confirm that both the natural and technical disaster degrade the environment in the form of forest depletion, mineral depletion and energy resource depletion at different quantile distributions. Further, FDI inflows and per capita income deteriorate natural environment through unsustainable mode of production in a country. The results emphasized the need to make an efficient disaster management unit to minimize economic losses through large-scale information and communication technologies. The results conclude that natural resources globally are being consumed faster than the speed of restoration. Worse is the case in Pakistan. As such the Government should make a systematic methodology to identify the protectoral functions within the communities for safeguarding and reestablishing these natural resources. Keywords Natural disasters · Technical disaster · Natural resource depletion · GDP per capita · FDI inflows · Trade openness · Quantile regression · Pakistan
1 Introduction Social sustainability is the paramount concern for achieving the environmental sustainability that largely discussed in the environmental literatures (Awan et al. 2018), while sustainable development goals greatly influenced with high risk of natural disasters that negatively affect the growth of natural capital component (Siwedza and Shava 2020; Fang
* Khalid Zaman [email protected] Abdelmohsen A. Nassani [email protected] 1
Department of Economics, University of Wah, Quaid Avenue, Wah Cantt, Pakistan
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Department of Management, College of Business Administration, King Saud University, P.O. Box 71115, Riyadh 11587, Saudi Arabia
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Vol.:(0123456789)
Natural Hazards
et al. 2019). The technological innovation and energy efficiency would play a main role in order to reduce carbon abatement cost and improving economic structure that is helpful to minimize disaster shocks across countries (Zhang et al. 2019). Industrial ecology is another important aspect of sustainable development that confined its importance in between human system and ecosystem to attain mutual exclusive future gains of green development (Awan 2020). Natural disasters can bring some drastic environmental changes directly affecting natural resources. Floods, hurricanes, earthquakes and volcanic eruptions are all natural hazards, but they become natural disasters when a large part of the community is directly affected. It destroys homes and lives on a larger scale. People living in poor conditions are more vulnerable to the
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