Natural Disasters and Sustainability Development Goals (SDGs) in Indonesia: Perspectives on Social and Economic Conditions

Objective: The purpose of this study is to prove the impact of natural disasters on economic and social conditions in regions in Indonesia. In addition, this study also wants to examine the moderating effect of domestic and foreign investment on the effect of natural disasters on economic and social conditions in Indonesia. This research is in line to support the achievement of SDG 3 and SDG 8. Theoritical Framewrok: This research uses basic theories related to human resource development theory and Harrod-Dommar economic growth theory. Methods: This study identifies the economic and social conditions of 34 provinces in Indonesia from 2017 to 2021 using Moderated Regression Analysis (MRA). Results and Discussion: The results show that the level of natural disasters has a positive effect on financial conditions but a negative effect on social conditions of 34 provinces in Indonesia from 2017 to 2021. The final finding is that the domestic investment variable can only strengthen the positive effect of natural disasters on financial conditions. Research Implications: The findings of this study indicate that the government in Indonesia conducts disaster management and makes a well-structured financial budget for disaster management in Indonesia so as to reduce the negative impact of natural disasters that occur. Originality/Value: This study explores the impact of natural disasters on social and economic conditions in Indonesia, which is still rarely done by previous studies and the presence of domestic investment and foreign investment variables as moderating variables adds to the novelty of this study.