Abstract
The weather related disasters are rising worldwide due to global warming. Nowadays, the countries are more vulnerable to climatic disasters and thus face more extensively the risk of loss of life and property. Natural disasters have been identified as major threats to human development. The present study attempts to identify the effect of natural disasters on the human development index (HDI). The sample consists of 30 countries from all over the world and data ranges from 1990 to 2018. We use the generalised method of moments (GMM) to estimate the model. The results indicate that disaster related vulnerability negatively affects HDI, wherein developing countries are more vulnerable than developed countries. However, countries with higher literacy rates, better institutions, higher per capita income, and a higher degree of openness to international trade are more able to absorb the climatic shock.
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