Universität zu Köln

Neise, Thomas ORCID: 0000-0001-6080-6725, Sohns, Franziska, Breul, Moritz ORCID: 0000-0002-0322-0987 and Revilla Diez, Javier (2022). The effect of natural disasters on FDI attraction: a sector-based analysis over time and space. Nat. Hazards, 110 (2). S. 999 - 1024. NEW YORK: SPRINGER. ISSN 1573-0840

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Abstract

Extensive research has addressed the question of why some countries are able to attract a large amount of foreign direct investment (FDI), while others are not. Until now, this research mostly neglected natural disasters as a business risk. In the realm of natural disaster research, some studies have investigated the effect of natural disasters on FDI inflow. However, this research remains overly simplistic and conceals the complexities of the underlying relationship. As such, this article aims to provide a more deciphered perspective by considering variations across economic sectors and the dynamic effect of natural disasters. We apply hybrid panel regressions to a dataset of 181 countries over a period of 13 years across four different economic sectors. The analysis shows that the effect of natural disasters on FDI inflow varies among economic sectors. From a longitudinal perspective, the study finds a positive relationship between exposure to natural disasters and the inflow of FDI within countries 3 and 5 years after an event. Overall, the findings highlight the complex nature of the relationship between natural disasters and FDI and warn against using too simplistic approaches.

Item Type:	Journal Article
Creators:	Creators Email ORCID ORCID Put Code Neise, Thomas UNSPECIFIED orcid.org/0000-0001-6080-6725 UNSPECIFIED Sohns, Franziska UNSPECIFIED UNSPECIFIED UNSPECIFIED Breul, Moritz UNSPECIFIED orcid.org/0000-0002-0322-0987 UNSPECIFIED Revilla Diez, Javier UNSPECIFIED UNSPECIFIED UNSPECIFIED
URN:	urn:nbn:de:hbz:38-579900
DOI:	10.1007/s11069-021-04976-3
Journal or Publication Title:	Nat. Hazards
Volume:	110
Number:	2
Page Range:	S. 999 - 1024
Date:	2022
Publisher:	SPRINGER
Place of Publication:	NEW YORK
ISSN:	1573-0840
Language:	English
Faculty:	Unspecified
Divisions:	Unspecified
Subjects:	no entry
Uncontrolled Keywords:	Keywords Language FOREIGN DIRECT-INVESTMENT; ECONOMIC-GROWTH; DETERMINANTS; FIRMS; INSTITUTIONS; THAILAND; IMPACTS; LOSSES; MARKET; POLICY Multiple languages Geosciences, Multidisciplinary; Meteorology & Atmospheric Sciences; Water Resources Multiple languages
URI:	http://kups.ub.uni-koeln.de/id/eprint/57990