Research Article
Estimating the Macroeconomic Impact of Natural Disasters in Indonesia
@INPROCEEDINGS{10.4108/eai.6-5-2023.2333591, author={Dwi Mahroji and Bambang Bernanthos and Cicih Ratnasih}, title={Estimating the Macroeconomic Impact of Natural Disasters in Indonesia}, proceedings={Proceedings of the 3rd International Conference on Law, Social Science, Economics, and Education, ICLSSEE 2023, 6 May 2023, Salatiga, Central Java, Indonesia}, publisher={EAI}, proceedings_a={ICLSSEE}, year={2023}, month={7}, keywords={natural disaster regression panel macroeconomics}, doi={10.4108/eai.6-5-2023.2333591} }- Dwi Mahroji
Bambang Bernanthos
Cicih Ratnasih
Year: 2023
Estimating the Macroeconomic Impact of Natural Disasters in Indonesia
ICLSSEE
EAI
DOI: 10.4108/eai.6-5-2023.2333591
Abstract
Macroeconomic losses due to natural disasters can be seen from the amount of the Gross Regional Domestic Product (GRDP). The aim of this study is to determine factors that cause macroeconomic losses due to natural disasters. This study utilize GRDP data and the number of workers obtained from the Central Bureau of Statistics (BPS). This study also utilizes data on the disaster events and amount of damage to public facilities data published by the National Disaster Management Agency (BNPB) from 2001 to 2021 in 34 provinces in Indonesia. The data is processed using panel regression, which is the regression method for panel data. The test results shows that the number of workers and natural disasters influence the macro-economic losses of all provinces in Indonesia. Based on these results, parties related to disaster management need to take more comprehensive steps to reduce the natural disasters impact on economic conditions, especially macroeconomic conditions.