The asymmetric impact of natural disasters on China's bilateral trade

Natural Hazards and Earth System Sciences. 2015;15(10):2273-2281 DOI 10.5194/nhess-15-2273-2015

 

Journal Homepage

Journal Title: Natural Hazards and Earth System Sciences

ISSN: 1561-8633 (Print); 1684-9981 (Online)

Publisher: Copernicus Publications

Society/Institution: European Geosciences Union (EGU)

LCC Subject Category: Technology: Environmental technology. Sanitary engineering | Geography. Anthropology. Recreation: Environmental sciences | Science: Geology

Country of publisher: Germany

Language of fulltext: English

Full-text formats available: PDF, XML

 

AUTHORS

Y. Meng (State Key Laboratory of Earth Surface Processes and Resource Ecology, Beijing Normal University, Beijing 100875, China)
S. Yang (State Key Laboratory of Earth Surface Processes and Resource Ecology, Beijing Normal University, Beijing 100875, China)
P. Shi (State Key Laboratory of Earth Surface Processes and Resource Ecology, Beijing Normal University, Beijing 100875, China)
C. C. Jeager (State Key Laboratory of Earth Surface Processes and Resource Ecology, Beijing Normal University, Beijing 100875, China)

EDITORIAL INFORMATION

Peer review

Editorial Board

Instructions for authors

Time From Submission to Publication: 43 weeks

 

Abstract | Full Text

Globalization and technological revolutions are making the world more interconnected. International trade is an important approach linking the world. Since the 2011 Tohoku earthquake and tsunami in Japan shocked the global supply chain, more attention has been paid to the global impact of large-scale disasters. China is the second largest trader in the world and faces frequent natural disasters. Therefore, this study proposes a gravity model for China's bilateral trade tailored to national circumstances and estimates the impact of natural disasters in China and trading partner countries on Chinese imports and exports. We analyzed Chinese and trading partner statistical data from 1980 to 2012. Study results show the following: (1) China's natural disasters have a positive impact on exports but have no significant impact on imports; (2) trading partner countries' natural disasters reduce Chinese imports and exports; (3) both development level and land area of the partners are important in determining the intensity of natural disaster impacts on China's bilateral trade. The above findings suggest that the impact of natural disasters on trade is asymmetric and significantly affected by other factors, which demand further study.