An empirical analysis of economic growth in countries exposed to coastal risks: Implications for their ecosystems

نویسندگان

چکیده

Using a novel database on countries exposed to coastal risks (CR), this paper estimates an augmented neoclassical growth model that encompasses eight other new models. To account for uncertainty related the number of models and choice determinant proxies, we use Bayesian averaging classical (BACE) approach. A preliminary examination data reveals country faces is likely be former British colony characterized by common law legal framework, parliamentary political system, high degree international trade openness, little language ethnic fractionalization, low level public sector corruption, rate fertility. The BACE-based selection procedure shows that, in CR countries, proxies typically used neoclassical, macroeconomic policy, natural resources, institutions theories are significantly correlated with growth. These results suggest two implications these countries’ ecosystems. First, because they heavily dependent resources have fertility rates, might seek short-term economic gains at expense deterioration their Second, good levels division conducive sustainable management

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ژورنال

عنوان ژورنال: Economic Systems

سال: 2023

ISSN: ['1878-5433', '0939-3625']

DOI: https://doi.org/10.1016/j.ecosys.2023.101130