Abstract
As one of the areas with frequent earthquake disasters, China’s social stability and sustained and healthy economic development have been profoundly affected for a long time. Based on the two-way fixed effect model and a series of deterministic indicators of economic development, including education level, economic development, financial development, fixed asset investment and permanent population, this paper designs a standard regression equation for estimating growth and uses time series panel data to analyze the impact of earthquake disasters on China’s economic development. The research results show that the earthquake disaster has an insignificant positive impact on China’s GDP. From the point of view of control variables, education level and financial development level have a positive effect on economic development as a whole, but there are certain differences in the degree of influence. The degree of trade openness has a significant impact on GDP, industry and service industries. Moreover, it has a negative impact on agricultural development.
Highlights
China is a country with frequent earthquake disasters, and its social harmony and stability have been greatly challenged
What impact will the earthquake disaster have on China’s economic development? What is the extent of the impact? This paper uses the two-way fixed effect model and estimated growth regression equation to explore the impact of China’s earthquake disaster on economic development, thereby providing a reference for decision-making in China’s earthquake disaster prevention and relief
This paper intends to use the two-way fixed effects model to conduct an empirical analysis of the relationship between earthquakes and China’s economic development
Summary
China is a country with frequent earthquake disasters, and its social harmony and stability have been greatly challenged. Earthquake disasters have a certain impact on China’s economic development[1,2]. In this regard, this paper carries out systematic thinking and analysis. What impact will the earthquake disaster have on China’s economic development? What is the extent of the impact? This paper uses the two-way fixed effect model and estimated growth regression equation to explore the impact of China’s earthquake disaster on economic development, thereby providing a reference for decision-making in China’s earthquake disaster prevention and relief What impact will the earthquake disaster have on China’s economic development? What is the extent of the impact? This paper uses the two-way fixed effect model and estimated growth regression equation to explore the impact of China’s earthquake disaster on economic development, thereby providing a reference for decision-making in China’s earthquake disaster prevention and relief
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