Abstract
This paper argues that economic disasters represent a considerable risk for sustainability objectives. To address this issue, two empirical methods are used. First, the relationship between economic disasters and sustainable development is tested by panel regression. Second, the local projection method is used to explore the dynamics, i.e., the behavior of sustainable development indices for ten years after the onset of a typical economic disaster. The results suggest that the relationship between economic disasters and sustainable development is negative, and that the effects of economic disasters are much larger than the effects of “ordinary” economic crises. Moreover, sustainability indices continue to decline even after a typical economic disaster ends. Understanding the complex relationship between economic disasters and sustainability can help policymakers develop strategies to mitigate these adverse effects and ensure the transition to sustainability.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
