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Heat and Economics: Climate Change’s Influence on Madagascar’s GDP

Author

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  • ANDRIAANDY, Josué R.
  • Randriamifidy, Fitiavana M.
  • Andrianavony, Jovianah K.

Abstract

Employing a VAR model, this work delves into Madagascar’s economic dynamics, particularly its GDP growth, agricultural production, and land use, with a pronounced emphasis on the profound influence of temperature fluctuations. The results illuminate the intricate interplay between economic activities and climatic variations, emphasizing the susceptibility of the economy to temperature changes. This underscores the urgency of formulating adaptive strategies that mitigate the adverse effects of temperature fluctuations, enabling not only economic growth but also environmental sustainability a synergy crucial for Madagascar’s prosperous future.

Suggested Citation

  • ANDRIAANDY, Josué R. & Randriamifidy, Fitiavana M. & Andrianavony, Jovianah K., 2023. "Heat and Economics: Climate Change’s Influence on Madagascar’s GDP," MPRA Paper 118582, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:118582
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    References listed on IDEAS

    as
    1. Mendelsohn,Robert & Neumann,James E. (ed.), 2004. "The Impact of Climate Change on the United States Economy," Cambridge Books, Cambridge University Press, number 9780521607698, September.
    2. Riccardo Colacito & Bridget Hoffmann & Toan Phan, 2019. "Temperature and Growth: A Panel Analysis of the United States," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 51(2-3), pages 313-368, March.
    3. Stern, David I., 2004. "The Rise and Fall of the Environmental Kuznets Curve," World Development, Elsevier, vol. 32(8), pages 1419-1439, August.
    4. Shardul Agrawala & Maëlis Carraro & Nicholas Kingsmill & Elisa Lanzi & Michael Mullan & Guillaume Prudent-Richard, 2011. "Private Sector Engagement in Adaptation to Climate Change: Approaches to Managing Climate Risks," OECD Environment Working Papers 39, OECD Publishing.
    5. Cécile Couharde & Rémi Généroso, 2017. "Croissance économique et seuils hydro-climatiques dans les pays en développement," Mondes en développement, De Boeck Université, vol. 0(3), pages 67-84.
    6. David I. Stern, 2004. "The Environmental Kuznets Curve," Chapters, in: John Proops & Paul Safonov (ed.), Modelling in Ecological Economics, chapter 9, pages 173-202, Edward Elgar Publishing.
    7. Marshall Burke & Solomon M. Hsiang & Edward Miguel, 2015. "Global non-linear effect of temperature on economic production," Nature, Nature, vol. 527(7577), pages 235-239, November.
    8. Batten, Sandra, 2018. "Climate change and the macro-economy: a critical review," Bank of England working papers 706, Bank of England.
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    Cited by:

    1. Josué, ANDRIANADY, 2024. "Natural Disaster Modeling with the DSGE DIGNAD Framework: A Study of Madagascar," MPRA Paper 121646, University Library of Munich, Germany.

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    More about this item

    Keywords

    VAR model; Madagascar; GDP growth; agricultural production; land use; temperature fluctuations; economic dynamics; climate change; environmental sustainability;
    All these keywords.

    JEL classification:

    • A1 - General Economics and Teaching - - General Economics
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development

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