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Impact of Creative Destruction on Natural Disasters in Developed and<br />

Developing Countries<br />

Asha A/P Sivalingam<br />

Supervisor: Dr. Jaharudin Bin Padli<br />

Bachelor of Economics (Natural Resources)<br />

School of Social and Economic Development<br />

This study is to examine the relationship between creative destruction in term of gross<br />

domestic product (GDP), education, population density, unemployment rate, inflation<br />

rate and land area on the impact of natural disasters such as total deaths, total<br />

affected, total damages and the number of occurrences in 40 selected countries from<br />

2000 to 2014. The panel data are used in this analysis where the results show that<br />

creative destruction in term of R&D have negative relationship and highly significant<br />

on natural disaster fatalities. The outcome suggest that an increase in the number of<br />

inventions will mitigate the impact of natural hazards.<br />

1422 | UMT UNDERGRADUATE RESEARCH DAY 2018

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