Theoretical and Applied Economics
No. 3 / 2025 (644), Autumn
From adversity to triumph: Türkiye's economic resilience and adaptation strategies amidst disasters
Sakarya University, Turkey
Abstract. This study investigates the macroeconomic impacts of disasters in Türkiye from 1999 to 2023 using ARDL and Impulse Response Functions. Findings reveal that disaster-induced economic losses significantly reduce GDP per capita in both the short and long run. However, a rise in disaster victims appears to stimulate growth due to reconstruction and aid flows. Capital accumulation drives growth, while ODA has a temporary negative effect. Insurance and financial services consistently hamper growth, suggesting weak risk-transfer mechanisms. The study advocates strengthened financial resilience, increased recovery spending, and enhanced international cooperation to mitigate disaster risks and promote sustainable economic stability.
Keywords: disasters, economics, ARDL, IRFs, Türkiye.
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Contents
- Development and implementation
of an Activity-Based Costing (ABC) model
in private Higher Education Institutions (HEI)
Sorinel CĂPUȘNEANU
Bogdan Ionuț-Nicolae STOLOJESCU
Maria MĂGUREAN
- Capital, coal, and change: modelling India's energy substitutability with a translog production framework
Tanzeem HASNAT
Umer Jeelanie BANDAY
- Unemployment in Ghana: analyzing the asymmetric effects of export processing zones in dealing with the problem
Alexander QUAICOE
- A PRISMA-based systematic literature review on the mismatches between the Romanian higher education system and the labor market needs
Daria Elisa VUC
- Transition effect from deposit and policy interest rates to credit interest rates in Türkiye: detecting asymmetry
Kadir KARAGÖZ
Suzan ERGÜN
- The effect of fiscal decentralization and monetary policy on economic resilience in Indonesia: a panel data
SYAHRIMI
Anna YULIANITA
Ariodillah HIDAYAT
- The implications of demographic changes on economic performance – a comparative analysis of RO vs EU 27
Ioana-Victoria BĂDICIOIU
Ionuț JIANU
- Pensions under pressure: economic and demographic drivers of Romania’s public retirement system
Mădălina-Gabriela ANGHEL
Elena IONIȚĂ
- Productivity shocks, exchange rate and migration: a new open economy macroeconomics approach
Wataru JOHDO
- Energy vulnerabilities among Europeans in the Ukrainian war context
Andreea-Monica MUNTEANU
Maria-Bianca BOLBOAȘĂ
- Climate-driven monetary policy: a new Keynesian DSGE analysis for Ghana
Komlan Olakossan GBEGNON
Mikémina PILO
Kounagbè Odilon Boris LOKONON
- Monitoring the implementation of the Sustainable Development Goals in Romania
Maria-Daniela TUDORACHE
Ionuț JIANU
- Insurance and sustainable structural transformation: Does renewable energy matter?
Geneviève Christel KAMDOUM MAPA
Younchawou NGOUWOUO
Emmanuel NSO FILS
- Natural resources and the price of freedom. A concise analysis of Ukraine’s natural resources and who wins more from their direct exploitation?
Raluca Iuliana GEORGESCU
Dumitru Alexandru BODISLAV
- Assessing the macroeconomic impact of fiscal deficit in India: evidence from ARDL approach
Prakhar PANDEY
Rajnish PANDE
- Non-linearity and market behavior in the Romanian capital market: a rescaled range analysis of BET index
Genia-Iulia TABĂRĂ
- From adversity to triumph: Türkiye's economic resilience and adaptation strategies amidst disasters
Erick OKOTH
- Trust at first reply and how AI-language systems alter human trust calibration
Dumitru Alexandru BODISLAV
Raluca Iuliana GEORGESCU
Ionuț Valeriu ANDREI
- The economic value of data. From data to decisions in the public sector
Florentina PANĂ-MICU
