Conference Paper
The Inequality, Economic Growth, Climate Change and Natural Disasters Nexus: Empirical Evidence
No.
ERF29AC_131
Publisher
ERF
Date
May, 2023
This paper investigates the integrated paradigm between economic growth, income inequality, climate change and natural disasters by considering the bi-directional causality. Each of those causes the other and meaningful policy recommendations must involve a concerted effort to affect all of them at once. This paper estimated simultaneous equations consisting of three models, namely neoclassical stochastic growth, income inequality, and natural disaster damage models. This paper constructs a panel database of 160 countries from the years 1990- 2020 by matching country-level datasets, and climate variables. This new endeavor enhances the existing attempts that integrate these dimensions in the climate change-macroeconomic modelling studies. A carefully designed mix of policy solutions that tackles the interrelated issues simultaneously is no longer a luxury, given that our time to reverse global megatrend such as climate change and its catastrophic impacts is about to run out.
Authors
Yasmine Abdelfattah
Assistant Professor of Statistics, School of Business...
Research Fellows
Shireen AlAzzawi
Teaching Professor, Economics Department, Leavey School of...
Authors
Nada Rostom
Research Associate, J-PAL Middle East and North...
Authors
Heba Erfan
Assistant Lecturer, Faculty of Economics and Political...