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Please use this identifier to cite or link to this item: http://hdl.handle.net/1946/9812

Title: 
  • The paradox of natural disasters leading to economic growth: The case of the Touhoku earthquake
Submitted: 
  • May 2011
Abstract: 
  • This thesis looks at the paradox of how natural disasters can lead to economic growth and uses at the Touhoku earthquake that struck in March 2011 in Japan as a case to try to determine the effects it will have on economic growth in Japan. We see from earlier research that countries that suffer frequent natural disasters have a higher GDP growth than countries that do not. Using a model I present we then analyze the investments into human and physical capital and see how Japan’s investments into human capital results in long-term growth and how rebuilding physical capital after a disaster hastens adoption of new technology and increases output. In conclusion we find that Japan is likely to experience growth following the earthquake.

Description: 
  • Description is in Icelandic Viðskiptafræði
Accepted: 
  • Aug 3, 2011
URI: 
  • http://hdl.handle.net/1946/9812


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