The report predicts climate change will create economic winners and losers at both individual and sectoral level, but developing countries will suffer disproportionately from rise in temperatures since they are situated in relatively hot climates. Winters, P., R. Murgai, A. de Janvry, E. Sadoulet, and G. Frisvold (1995), ‘Climate Change and Agriculture: An Analysis of the Effects to Developing Economies’, in G. Frisvold and B. Kuhn, eds., Global Environmental Change and Agriculture: Assessing the Impacts, Washington, D. C.: USDA, Economic Research Service, Forthcoming. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation. Public profiles for Economics researchers, Various rankings of research in Economics & related fields, Curated articles & papers on various economics topics, Upload your paper to be listed on RePEc and IDEAS, RePEc working paper series dedicated to the job market, Pretend you are at the helm of an economics department, Data, research, apps & more from the St. Louis Fed, Initiative for open bibliographies in Economics, Have your institution's/publisher's output listed on RePEc. (1993), Implications of Climate Change for International Agriculture: Crop Modeling Study, Environmental Protection Agency, Washington, D. C. Rosenzweig, C. and M. Parry (1993), ‘Potential Impacts of Climate Change on World Food Supply: A Summary of a Recent International Study’, in H. Kaiser and T. Drennen, eds., Agricultural Dimensions of Global Climate Change, Delray Beach, FL: St. Lucie Press. Wilks, D. (1989), ‘Estimating the Consequences of CO2 - Induced Climatic Change on North American Grain Agriculture Using General Circulation Model Information’, Climatic Change Notably, destruction of production factors, or decrease in factor productivity may strongly affect long-run equilibrium growth even in one-sector neoclassical growth models; climatic shocks have had large impacts on growth in developing countries because of rigidities; and the introducing increasing returns has a major impact on growth dynamics, in particular through induced technical change, poverty traps, … Nevertheless, given the role of agriculture in the current economic structure of the country and the potency of biophysical impacts of climate change, adaptation in the sector is indispensable. The study shows, in worst case scenario, the effects on national GDP may add up to -8% with uneven regional effects ranging from -10% in agrarian regions (e.g. ", Naqvi, Farzana & Peter, Matthew W, 1996. In the rural farming villages, the picture is grim as the short-term impacts of climate change are being felt, with women and children bearing the brunt of climate change. © 2021 Springer Nature Switzerland AG. ", Christoph Müller & Richard D. Robertson, 2014. The objective is to compare the effects of climate change on the macroeconomic performance, sectoral resource allocation, and household welfare across continents. Climate change not only threatens lives but also the health of the global economy. 2: Assessments in Semi-Arid Areas, Dordrecht, The Netherlands: Kluwer. There are also major ethical issues regarding developed economy emissions, national mitigation and adaptation policies, and negotiations in international and regional fora. ", Alagidede, Paul & Adu, George & Frimpong, Prince Boakye, 2014. 14, 153–174. Rosenzweig, C. and M. Parry (1994), ‘Potential Impact of Climate Change on World Food Supply’, Nature Reilly, J. and N. Hohmann (1993), ‘Climate Change and Agriculture: The Role of International Trade’, American Economic Review Schelling, T. (1992), ‘Some Economics of Global Warming’, American Economic Review Kane, S., J. Reilly and J. Tobey (1991), Climate Change: Economic Implications for World Agriculture, AER647, USDA-Economic Research Service, Washington D. C. Kokoski, M. and V. K. Smith (1987), ‘A General Equilibrium Analysis of Partial Equilibrium Welfare Measures’, American Economic Review Applying a broad brush to climate effects, developing countries are more likely to disproportionately experience the negative effects … ", Jalloh, Abdulai & Nelson, Gerald C. & Thomas, Timothy S. & Zougmoré, Robert & Roy-Macauley, Harold, 2013. 50 years of urbanization in Africa : examining the role of climate change, LSE Research Online Documents on Economics, Drought and Population Mobility in Rural Ethiopia, The effect of climate change on economic growth: Evidence from Sub-Saharan Africa, Projecting future crop productivity for global economic modeling, Estimation of income elasticities and their use in a CGE model in Palestine, Temperature Shocks and Economic Growth: Evidence from the Last Half Century, American Economic Journal: Macroeconomics, A Dynamic General Equilibrium Analysis of Adaptation to Climate Change in Ethiopia, Economic Impact of Climate Change on Crop Production in Ethiopia: Evidence from Cross-section Measures, Adaptation to climate change and economic growth in developing countries, How will climate change spatially affect agriculture production in Ethiopia? Within developing countries, the poor would likely be the most heavily affected by climate change. Matthews, R., M. Kropff, D. Bachelet and H. van Laar (1994), ‘The Impact of Global Climate Change on Rice Production in Asia: A Simulation Study’, Environmental Research Laboratory Report No. The objective is to compare the effects of climate change on the macroeconomic performance, sectoral resource allocation, and household welfare across continents. 19(2), 149–164. Hundreds of millions of people may be at risk of climate-related poverty, especially in developing countries, if the global economy does not cut greenhouse gas emissions, a UN report warned in October. 82(1), 1–14. Sonka, S. (1991), ‘Methodological Guidelines for Assessing the Socio-Economic Impacts of Climate Change on Agriculture’, in OECD, ed., Climate Change Evaluating the Socio-Economic Impacts, Paris: OECD. If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. A changing climate may cause major migrations of displaced peoples which will affect all countries. 14, No. & Missaglia, M., 2006. The absence of young laborers in these villages leaves women and children with no option but to take up tools and head for the farms. W. J. Wouter Botzen, Olivier Deschenes, and ; Mark Sanders; Vol. UNDP has made a call to action to the international community to think beyond the immediate impact of COVID-19. (1992), Climate Change 1992, Supplementary report to the IPCC Scientific Assessment, Cambridge University Press, Cambridge. 421–448, Heidelberg: Springer. 1 Madison, WI: Crop Science Society of America. ERLCOR821, Corvallis, OR: U. S. Environmental Protection Agency. Therefore, the ongoing structural transformation in the country may underpin the resilience of the economy to climate change. This study assesses the economy-wide and regional effects of climate change induced productivity and labor supply shocks in agriculture in Ethiopia. Houghton, J., B. Callander and S. Varney, eds. ", Waithaka, Michael & Nelson, Gerald C. & Thomas, Timothy S. & Kyotalimye, Miriam (ed. You can help correct errors and omissions. Tsigas, M., G. Frisvold, and B. Kuhn (1996), ‘Global Climate Change and Agriculture’, in T. Hertel, ed., Global Trade Analysis: Modeling and Applications, Cambridge: Cambridge University Press. Fischer, G., K. Frohberg, M. Parry, and C. Rosenzweig (1996), ‘Impacts of Potential Climate Change on Global and Regional Food Production and Vulnerability’, in T. Downing, ed., Climate Change and World Food Security, Heidelberg: Springer-Verlag. The economic impacts of climate change are the part of the economics of climate change related to the effects of climate change. If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form . Schroders The impact … Vally Koubi . ", S. Niggol Seo & Robert Mendelsohn, 2008. Smit, B., M. Brklacich, M. Stewart, R. McBride, R. Brown, and D. Bond (1989), ‘Sensitivity of Crop Yields and Land Resource Potential to Climate Change in Ontario, Canada’, Climatic Change 84(4), 753–771. If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. Warnings on the dire consequences of climate change in the coming years have been ramping up recently. Watson, R., M. Zinyowera, and R. Moss (1996), Climate Change 1995, Impacts, Adaptations and Mitigation of Climate Change: Scientific-Technical Analyses, Contribution of Working Group II to the Second Assessment Report of the Intergovernmental Panel on Climate Change, Cambridge: Cambridge University Press. the various RePEc services. ", Amsalu Woldie Yalew & Georg Hirte & Hermann Lotze-Campen & Stefan Tscharaktschiew, 2018. Climate change has the potential to reverse significant development gains made in these countries. Otherwise, climate change may hamper economic progress of the country, and make rural livelihood unpredictable. In 2019, climate change contributed to extreme weather events causing at least $100 billion in damages. 83(2), 306–312. 77, 331–341. In these projections, climate change is a global issue with potential impacts for every country. Quantifying the economic effects of climate change is a crucial step for planning adaptation in developing countries. MAHMADAMIN MAHMADAMINOV (Tajikistan), describing climate change as one of the greatest challenges of the times, said its unprecedented impacts disproportionately burden developing countries. A report by the Climate Vulnerability Monitor in 2012 estimated that climate change causes 400,000 deaths on average each year, mainly due to hunger and communicable diseases in developing countries. 740. Schimmelpfennig, D., J. Lewandrowski, J. Reilly, M. Tsigas, and I. Parry (1996), Agricultural Adaptation to Climate Change: Issues of Long run Sustainability, Economic Research Service Agricultural Economic Report No. Adverse weather events have also made the African country one of the most vulnerable to climate change with 72 deaths — 0.27 per 100,000 inhabitants — about 568 million dollars in economic losses and a drop in per capita GDP of 1.32%. To explore the local impacts of climate change, we use a summary measure of county economic vitality that incorporates labor market, income, … First, in the long term, they lower the deleterious impacts of rapid climate change on economic activity. The study shows, in worst case scenario, the effects on national GDP may add up to -8% with uneven regional effects ranging from … Reilly, J., N. Hohmann, and S. Kane (1993), Climate Change and Agriculture: Global and Regional Effects Using an Economic Model of International Trade, MITCEEPR93–012WP, MIT Center for Energy and Environmental Policy Research. Rosenzweig, C. and A. Iglesias, eds. ", Thornton, P.K. Sustainable development impacts of climate change and natural disaster . https://doi.org/10.1023/A:1008204419284, DOI: https://doi.org/10.1023/A:1008204419284, Over 10 million scientific documents at your fingertips, Not logged in Quantifying the economic effects of climate change is a crucial step for planning adaptation in developing countries. The impact of climate change on the The impact of climate change on the global economyglobal economy By Keith Wade, Chief Economist and Strategist and Marcus Jennings, Economist Developing economies likely to be most impacted by global warming Very Vulnerable Vulnerable Intermediate Less Vulnerable Least Vulnerable Unrated Sovereigns Source: Standard and Poor’s, 2014. Changes in climate could have significant impacts on food production around the world. Tobey, J., J. Reilly and S. Kane (1992), ‘Economic Implications of Global Climate Change for World Agriculture’, Journal of Agricultural and Resource Economics 2 29 Sep 2020. Parry, M., M. B. de Rozari, A. L. Chong, and S. Panich, eds. 2: Assessments in Semi-Arid Areas, Dordrecht, The Netherlands: Kluwer. "If poor countries become less vulnerable to climate change as they become richer, then delaying some emissions reductions until they are more fully developed may in fact be the best policy," Diaz said. Learn more about Institutional subscriptions. Environmental and Resource Economics Bass, B., H. Venema, and E. Schiller (1996), ‘Adaptation of Food Production to Drought in the Senegal River Basin’, in T. E. Downing, ed., Climate Change and World Food Security, Heidelberg: Springer-Verlag. The plot above shows the projected impacts of climate change on GDP per capita between now and 2100 for the World. Konijn, eds handle: RePEc: zbw: tudcep:1017 climate vulnerability in developing countries, the impact. 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