Climate change, adaptation and economic growth

Adaptation to climate change and economic growth in developing countries!

The global climate is changing, and will continue to do so even if greenhouse gas emissions are dramatically curbed. Economies are therefore faced with the challenge of adapting to climate change. This challenge is particularly important in developing countries, which, due to a combination of unfortunate geography and high sensitivity, are most vulnerable to climate change. From a macro-economi...

Climate change effects on economic growth: mixed empirical evidence

West Africa is vulnerable to the effects of climate change. This paper analyzed the impacts of climate change on economic growth in Anglophone West Africa with similar background, during the periods 1969-2016. Five growth model equations have been developed to incorporate climate change variables into the model. Panel data estimations such as the fixed effect model, random effect model and Haus...

On Climate Change and Economic Growth

The economic impact of climate change is usually measured as the amount by which the climate of a given period will affect output or GDP in that period. This paper draws attention to some of the dynamic effects through which climate change may affect economic growth and hence future output. In particular, the paper looks at saving and capital accumulation. With a constant savings rate, a lower ...

Optimal growth with adaptation to climate change

Many economic sectors, like housing or transportation, are exposed to climate and likely to suffer efficiency losses when climate changes. The global economy is far from being sheltered from climate, these sectors represent a significant fraction of the existing capital stock. Using an optimal growth model with perfect knowledge, we examine the balance between efficiency losses and investment i...

Climate Change and Adaptation