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Hybrid Model Construction for Integrating Climate Risks into Côte d'Ivoire's Economic Policy: Theoretical Approach and Management Strategies

Author

Listed:
  • Dayoro, Donatien

Abstract

This study develops a hybrid model to integrate climate risks into Côte d'Ivoire’s economic policy, drawing on the work of economists like Keynes, Ostrom, Stiglitz, Sen, and Nordhaus. The model combines decentralized governance, climate risk externalities, and capacity building to address the country's vulnerability to extreme weather events. It advocates for collaboration at all levels of governance, integrates climate risks into economic decisions, and focuses on reducing social vulnerabilities. By incorporating climate-economic models like DICE, it offers a framework to safeguard economic stability and promote sustainable growth in the face of climate change.

Suggested Citation

  • Dayoro, Donatien, 2024. "Hybrid Model Construction for Integrating Climate Risks into Côte d'Ivoire's Economic Policy: Theoretical Approach and Management Strategies," MPRA Paper 122877, University Library of Munich, Germany, revised 05 Dec 2024.
  • Handle: RePEc:pra:mprapa:122877
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    File URL: https://mpra.ub.uni-muenchen.de/122877/1/MPRA_paper_122877.pdf
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    More about this item

    Keywords

    Hybrid Model; Climate Risks; Economic Policy; Côte d'Ivoire; Theoretical Approach; Risk Management; Sustainable Development; Governance; Climate Change Impact; Budgetary Stability; Macroeconomic Analysis; Vulnerability Reduction; Climate-Economy Integration; Adaptive Strategies; Economic Forecasting.;
    All these keywords.

    JEL classification:

    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • C4 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics
    • C44 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Operations Research; Statistical Decision Theory
    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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