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Frontiers in Environmental Science
Article . 2022 . Peer-reviewed
License: CC BY
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https://dx.doi.org/10.60692/51...
Other literature type . 2022
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Other literature type . 2022
Data sources: Datacite
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Impact of climate change shocks on economic growth: A new insight from non-linear analysis

تأثير صدمات تغير المناخ على النمو الاقتصادي: رؤية جديدة من التحليل غير الخطي
Authors: Nabila Khurshid; Asma Fiaz; Jamila Khurshid; Kashif Ali;

Impact of climate change shocks on economic growth: A new insight from non-linear analysis

Abstract

Despite the fact that Pakistan’s contribution to GHG emissions is low (0.8%) when compared to other countries but it is one of the hardest hit by climate change. The present study is an attempt to identify the impact of climate change on economic growth. The non-linear autoregressive distributional lag (NARDL) technique is used to estimate the asymmetric effect of climate change on the economic growth of Pakistan. Annual data covering the years 1980–2021 are used for empirical analysis. It is noteworthy to reiterate that CO2 emissions and mean temperature pose asymmetrical results concerning economic growth, both in the long-run and short-run. CO2_POS and CO2_NEG have a negative impact on economic growth, whereas MEANT_POS has a positive impact on economic growth and MEANT_NEG has a negative impact. Precipitation has a positive and significant long-term influence on economic growth. Research findings indicate that comprehensive mitigation policies at the nationwide and worldwide levels are required to limit human-caused climate change in Pakistan. At national level, tree planting projects and safeguard greenery at all costs while at international level, policies needed for adoption of mitigation strategies to control climate change.

Keywords

Safeguard, Economics, Climate Change and Variability Research, Social Sciences, Economic Impact of Environmental Policies and Resources, Precipitation, International trade, Climate change mitigation, Natural resource economics, Microeconomics, Climate change, Pakistan, GE1-350, Global and Planetary Change, Computer network, Geography, Ecology, economic growth, Economics, Econometrics and Finance, Physical Sciences, Economics and Econometrics, Economic Implications of Climate Change Policies, NARDL, CO2 emissions, Greenhouse gas, Environmental science, FOS: Economics and business, Economic Impacts, Meteorology, Distributed lag, Econometrics, Biology, asymmetries, Economic impact analysis, Lag, Computer science, Environmental sciences, FOS: Biological sciences, Environmental Science

  • BIP!
    Impact byBIP!
    citations
    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    21
    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Top 10%
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    Average
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Top 10%
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citations
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
21
Top 10%
Average
Top 10%
gold