IDEAS home Printed from https://ideas.repec.org/a/pal/palcom/v10y2023i1d10.1057_s41599-023-02408-0.html
   My bibliography  Save this article

The impact of climate change and economic development on fisheries in South Africa: a wavelet-based spectral analysis

Author

Listed:
  • Cheneal Raubenheimer

    (Nelson Mandela University)

  • Andrew Phiri

    (Nelson Mandela University
    University of Religions and Denominations)

Abstract

This study investigates the influence of climate change and economic development on the patterns of Fisheries catches in South Africa from 1960 to 2021. Our research employs wavelet-based spectral tools to analyse the time–frequency interrelationships among the variables and these methods differ from conventional econometric and statistical techniques which are strictly confined to the time domain. Our findings reveal that economic development has a positive impact on Fisheries whereas there exists a U-shaped correlation between temperature changes and Fisheries, in which the negative effects of climate change on Fisheries have been diminishing since 2010. Additionally, we observe an inverted U-shaped relationship between temperature changes and economic development, whereby climate change began hampering economic growth in the post-2010 period. We conduct a sensitivity analysis by performing partial wavelet coherence analysis to control for (i) economic growth in the temperatures–Fisheries relationship and (ii) temperatures in the economic development–Fisheries relationship. We discover that the former relationship remains unaffected while the latter relationship becomes significantly weaker. Overall, these findings suggest that while Fisheries have displayed resilience to climate change, rising temperatures have hindered economic development, which may potentially impede the future trajectory of Fisheries catches.

Suggested Citation

  • Cheneal Raubenheimer & Andrew Phiri, 2023. "The impact of climate change and economic development on fisheries in South Africa: a wavelet-based spectral analysis," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-11, December.
    • Handle: RePEc:pal:palcom:v:10:y:2023:i:1:d:10.1057_s41599-023-02408-0
    DOI: 10.1057/s41599-023-02408-0
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1057/s41599-023-02408-0
    File Function: Abstract
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1057/s41599-023-02408-0?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Luís Francisco Aguiar & Maria Joana Soares, 2010. "The Continuous Wavelet Transform: A Primer," NIPE Working Papers 23/2010, NIPE - Universidade do Minho.
    2. Luís Aguiar-Conraria & Maria Joana Soares, 2014. "The Continuous Wavelet Transform: Moving Beyond Uni- And Bivariate Analysis," Journal of Economic Surveys, Wiley Blackwell, vol. 28(2), pages 344-375, April.
    3. Andrew Phiri & Danai Tembo, 2023. "Ecological based environmental Kuznets curve for Africa: Evidence from the fishery sector at continental, regional and country-specific levels," Cogent Economics & Finance, Taylor & Francis Journals, vol. 11(1), pages 2225917-222, December.
    4. Yeti Nisha Madhoo, 2011. "Fish imports as an environmental policy," Applied Economics Letters, Taylor & Francis Journals, vol. 18(9), pages 859-864.
    5. Kalkuhl, Matthias & Wenz, Leonie, 2020. "The impact of climate conditions on economic production. Evidence from a global panel of regions," Journal of Environmental Economics and Management, Elsevier, vol. 103(C).
    6. Melissa Dell & Benjamin F. Jones & Benjamin A. Olken, 2012. "Temperature Shocks and Economic Growth: Evidence from the Last Half Century," American Economic Journal: Macroeconomics, American Economic Association, vol. 4(3), pages 66-95, July.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Joaquín Bernal-Ramírez & Jair Ojeda-Joya & Camila Agudelo-Rivera & Felipe Clavijo-Ramírez & Carolina Durana-Ángel & Clark Granger-Castaño & Daniel Osorio-Rodríguez & Daniel Parra-Amado & José Pulido &, 2022. "Impacto macroeconómico del cambio climático en Colombia," Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia, issue 102, pages 1-62, July.
    2. Wenju Cai & Yi Liu & Xiaopei Lin & Ziguang Li & Ying Zhang & David Newth, 2024. "Nonlinear country-heterogenous impact of the Indian Ocean Dipole on global economies," Nature Communications, Nature, vol. 15(1), pages 1-10, December.
    3. Emediegwu, Lotanna E. & Wossink, Ada & Hall, Alastair, 2022. "The impacts of climate change on agriculture in sub-Saharan Africa: A spatial panel data approach," World Development, Elsevier, vol. 158(C).
    4. Gregory Casey & Stephie Fried & Ethan Goode, 2023. "Projecting the Impact of Rising Temperatures: The Role of Macroeconomic Dynamics," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 71(3), pages 688-718, September.
    5. Kahn, Matthew E. & Mohaddes, Kamiar & Ng, Ryan N.C. & Pesaran, M. Hashem & Raissi, Mehdi & Yang, Jui-Chung, 2021. "Long-term macroeconomic effects of climate change: A cross-country analysis," Energy Economics, Elsevier, vol. 104(C).
    6. Jiao, Xiyu & Pretis, Felix & Schwarz, Moritz, 2024. "Testing for coefficient distortion due to outliers with an application to the economic impacts of climate change," Journal of Econometrics, Elsevier, vol. 239(1).
    7. Kamiar Mohaddes & Ryan N C Ng & M Hashem Pesaran & Mehdi Raissi & Jui-Chung Yang, 2023. "Climate change and economic activity: evidence from US states," Oxford Open Economics, Oxford University Press, vol. 2, pages 28-46.
    8. Francesco Jacopo Pintus & Jan P.A.M. Jacobs & Elmer Sterken & Jan Jacobs, 2024. "Fiscal Impacts of Climate Anomalies," CESifo Working Paper Series 11548, CESifo.
    9. Ding, Yugang & Xu, Jiangmin, 2023. "Global vulnerability of agricultural commodities to climate risk: Evidence from satellite data," Economic Analysis and Policy, Elsevier, vol. 80(C), pages 669-687.
    10. Picchio, Matteo & van Ours, Jan C., 2024. "The impact of high temperatures on performance in work-related activities," Labour Economics, Elsevier, vol. 87(C).
    11. Habimana, Olivier, 2016. "Oil price, exchange rate and consumer price co-movement: A continuous-wavelet analysis," MPRA Paper 71886, University Library of Munich, Germany.
    12. Linsenmeier, Manuel, 2021. "Temperature variability and long-run economic development," LSE Research Online Documents on Economics 110499, London School of Economics and Political Science, LSE Library.
    13. Linsenmeier, Manuel, 2021. "Seasonal temperature variability and economic cycles," LSE Research Online Documents on Economics 115526, London School of Economics and Political Science, LSE Library.
    14. Christopher W. Callahan & Justin S. Mankin, 2022. "National attribution of historical climate damages," Climatic Change, Springer, vol. 172(3), pages 1-19, June.
    15. Magazzino, Cosimo & Giolli, Lorenzo, 2021. "The relationship among railway networks, energy consumption, and real added value in Italy. Evidence form ARDL and Wavelet analysis," Research in Transportation Economics, Elsevier, vol. 90(C).
    16. Tamma Carleton & Michael Greenstone, 2021. "Updating the United States Government's Social Cost of Carbon," Working Papers 2021-04, Becker Friedman Institute for Research In Economics.
    17. Barbora Šedová & Lucia Čizmaziová & Athene Cook, 2021. "A meta-analysis of climate migration literature," CEPA Discussion Papers 29, Center for Economic Policy Analysis.
    18. Richard S.J. Tol, 2020. "The Economic Impact of Weather and Climate," Video Library 2094, Department of Economics, University of Sussex Business School.
    19. Emre Kahraman & Gazanfer Unal, 2016. "Multiple Wavelet Coherency Analysis and Forecasting of Metal Prices," Papers 1602.01960, arXiv.org.
    20. Nguyen, Ha Minh, 2024. "Beyond the annual averages: Impact of seasonal temperature on employment growth in US counties," Journal of Environmental Economics and Management, Elsevier, vol. 125(C).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palcom:v:10:y:2023:i:1:d:10.1057_s41599-023-02408-0. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    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. 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.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: https://www.nature.com/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.