Impact of Disaster on Economic Performance of ASEAN-9: Does Philanthropy Help?

This study aims to determine the moderating role of religious philanthropy in reducing the impacts of disasters to economic problems, namely inequality, poverty, and economic growth of ASEAN-9 over the period from 2000 to 2020. By using a panel moderated regression analysis, the study found that dis...

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Main Authors: Thifal Azhar, M. Shabri Abd. Majid, Sartiyah Sartiyah, Taufiq C Dawood
Format: Article
Language:English
Published: Universitas Muhammadiyah Yogyakarta 2022-04-01
Series:Jurnal Ekonomi & Studi Pembangunan
Subjects:
Online Access:https://journal.umy.ac.id/index.php/esp/article/view/12593
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author Thifal Azhar
M. Shabri Abd. Majid
Sartiyah Sartiyah
Taufiq C Dawood
author_facet Thifal Azhar
M. Shabri Abd. Majid
Sartiyah Sartiyah
Taufiq C Dawood
author_sort Thifal Azhar
collection DOAJ
description This study aims to determine the moderating role of religious philanthropy in reducing the impacts of disasters to economic problems, namely inequality, poverty, and economic growth of ASEAN-9 over the period from 2000 to 2020. By using a panel moderated regression analysis, the study found that disasters significantly contributed to higher levels of economic growth, income disparity, and poverty. In addition, philanthropy is found to have a negative moderating role in the effects of disasters on economic growth, inequality, and poverty. The findings showed an effective role of philanthropy in reducing the impacts of disasters on economic growth, income disparity, and poverty in ASEAN-9. Our findings provide an important benchmark for the formulation of government policies to mitigate disaster risks on economic problems through the enhancement of religious philanthropic institutions.
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spelling doaj.art-faf1ba96963b404ab977d43fa25642202022-12-22T03:04:41ZengUniversitas Muhammadiyah YogyakartaJurnal Ekonomi & Studi Pembangunan1411-99002541-55062022-04-01231213410.18196/jesp.v23i1.125935750Impact of Disaster on Economic Performance of ASEAN-9: Does Philanthropy Help?Thifal Azhar0M. Shabri Abd. Majid1Sartiyah Sartiyah2Taufiq C Dawood3Master Program of Economics, Faculty of Economics and Business, Universitas Syiah Kuala, AcehDepartment of Economics, Faculty of Economics and Business, Universitas Syiah Kuala, AcehDepartment of Islamic Economics, Faculty of Economics and Business, Universitas Syiah Kuala, AcehDepartment of Economics, Faculty of Economics and Business, Universitas Syiah Kuala, AcehThis study aims to determine the moderating role of religious philanthropy in reducing the impacts of disasters to economic problems, namely inequality, poverty, and economic growth of ASEAN-9 over the period from 2000 to 2020. By using a panel moderated regression analysis, the study found that disasters significantly contributed to higher levels of economic growth, income disparity, and poverty. In addition, philanthropy is found to have a negative moderating role in the effects of disasters on economic growth, inequality, and poverty. The findings showed an effective role of philanthropy in reducing the impacts of disasters on economic growth, income disparity, and poverty in ASEAN-9. Our findings provide an important benchmark for the formulation of government policies to mitigate disaster risks on economic problems through the enhancement of religious philanthropic institutions.https://journal.umy.ac.id/index.php/esp/article/view/12593religious philanthropic institutiondisaster risk mitigationpovertyincome inequalityeconomic development
spellingShingle Thifal Azhar
M. Shabri Abd. Majid
Sartiyah Sartiyah
Taufiq C Dawood
Impact of Disaster on Economic Performance of ASEAN-9: Does Philanthropy Help?
Jurnal Ekonomi & Studi Pembangunan
religious philanthropic institution
disaster risk mitigation
poverty
income inequality
economic development
title Impact of Disaster on Economic Performance of ASEAN-9: Does Philanthropy Help?
title_full Impact of Disaster on Economic Performance of ASEAN-9: Does Philanthropy Help?
title_fullStr Impact of Disaster on Economic Performance of ASEAN-9: Does Philanthropy Help?
title_full_unstemmed Impact of Disaster on Economic Performance of ASEAN-9: Does Philanthropy Help?
title_short Impact of Disaster on Economic Performance of ASEAN-9: Does Philanthropy Help?
title_sort impact of disaster on economic performance of asean 9 does philanthropy help
topic religious philanthropic institution
disaster risk mitigation
poverty
income inequality
economic development
url https://journal.umy.ac.id/index.php/esp/article/view/12593
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