Conference Paper

The Inequality, Economic Growth, Climate Change and Natural Disasters Nexus: Empirical Evidence

No.

ERF29AC_131

Publisher

ERF

Date

April, 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.
The Inequality, Economic Growth, Climate Change and Natural Disasters Nexus: Empirical Evidence

Authors

Yasmine Abdelfattah

Assistant Professor of Statistics, School of Business...

The Inequality, Economic Growth, Climate Change and Natural Disasters Nexus: Empirical Evidence

Research Fellows

Shireen AlAzzawi

Teaching Professor, Economics Department, Leavey School of...

The Inequality, Economic Growth, Climate Change and Natural Disasters Nexus: Empirical Evidence

Authors

Nada Rostom

Research Associate, J-PAL Middle East and North...

The Inequality, Economic Growth, Climate Change and Natural Disasters Nexus: Empirical Evidence

Authors

Heba Erfan

Assistant Lecturer, Faculty of Economics and Political...