Temperature Rising, Growth Descending: Climate Change Impacts on Asian Economies

Q2 Economics, Econometrics and Finance

Global Journal of Emerging Market Economies Pub Date : 2024-04-19 DOI:10.1177/09749101241242214

Nikhil Kaushik, Ashish Sharma, Poornima Mishra, Sunil Kumar

{"title":"Temperature Rising, Growth Descending: Climate Change Impacts on Asian Economies","authors":"Nikhil Kaushik, Ashish Sharma, Poornima Mishra, Sunil Kumar","doi":"10.1177/09749101241242214","DOIUrl":null,"url":null,"abstract":"This study investigates the impact of temperature and rainfall on economic growth in Asian countries using panel data regression analysis from 1991 to 2021. The results reveal a significant negative relationship between temperature and economic growth, with a 1°C rise leading to a 0.385% reduction in growth. High-temperature countries experience a more significant adverse effect compared to low-temperature countries. However, despite displaying a negative trend, rainfall does not significantly influence economic growth statistically. The study also finds differences in the impact of climate variables across different income groups. Additionally, temperature negatively affects the growth rate of agrarian countries, while rainfall does not significantly influence their growth dynamics. These findings underscore the importance of considering climate change in understanding economic growth and highlight the need for policymakers to prioritize climate risk assessment and adopt appropriate climate change mitigation and resilience strategies in Asian countries. JEL Classification E23, O13, Q54","PeriodicalId":37512,"journal":{"name":"Global Journal of Emerging Market Economies","volume":" 2","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2024-04-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Global Journal of Emerging Market Economies","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1177/09749101241242214","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"Economics, Econometrics and Finance","Score":null,"Total":0}

引用次数: 0

Abstract

This study investigates the impact of temperature and rainfall on economic growth in Asian countries using panel data regression analysis from 1991 to 2021. The results reveal a significant negative relationship between temperature and economic growth, with a 1°C rise leading to a 0.385% reduction in growth. High-temperature countries experience a more significant adverse effect compared to low-temperature countries. However, despite displaying a negative trend, rainfall does not significantly influence economic growth statistically. The study also finds differences in the impact of climate variables across different income groups. Additionally, temperature negatively affects the growth rate of agrarian countries, while rainfall does not significantly influence their growth dynamics. These findings underscore the importance of considering climate change in understanding economic growth and highlight the need for policymakers to prioritize climate risk assessment and adopt appropriate climate change mitigation and resilience strategies in Asian countries. JEL Classification E23, O13, Q54

查看原文本刊更多论文

气温上升，增长下降：气候变化对亚洲经济的影响

本研究利用 1991 年至 2021 年的面板数据回归分析，研究了气温和降雨量对亚洲国家经济增长的影响。研究结果表明，气温与经济增长之间存在明显的负相关关系，气温每升高 1℃，经济增长就会下降 0.385%。与低温国家相比，高温国家受到的不利影响更为显著。然而，尽管降雨量呈负增长趋势，但从统计学角度来看，降雨量对经济增长的影响并不显著。研究还发现，气候变量对不同收入群体的影响存在差异。此外，气温对农业国家的增长率有负面影响，而降雨量对这些国家的增长动态影响不大。这些发现强调了在理解经济增长时考虑气候变化的重要性，并突出表明亚洲国家的政策制定者需要优先考虑气候风险评估，并采取适当的气候变化减缓和适应战略。JEL 分类 E23, O13, Q54

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Global Journal of Emerging Market Economies Economics, Econometrics and Finance-Economics, Econometrics and Finance (miscellaneous)

CiteScore

2.70

自引率

0.00%

发文量

期刊介绍： Global Journal of Emerging Market Economies is a peer-reviewed journal. The aim of the journal is to provide an international platform for knowledge sharing, discussion and networking on the various aspects related to emerging market economies through publications of original research. It aims to make available basic reference material for policy-makers, business executives and researchers interested in issues of fundamental importance to the economic prospects and performance of emerging market economies. The topics for discussion are related to the following general categories: D. Microeconomics E. Macroeconomics and Monetary Economics F. International Economics G. Financial Economics H. Public Economics I. Health, Education, and Welfare J. Labor and Demographic Economics L. Industrial Organization O. Economic Development, Innovation, Technological Change, and Growth Q. Agricultural and Natural Resource Economics • Environmental and Ecological Economics R. Urban, Rural, Regional, Real Estate, and Transportation Economics Additionally, the journal would be most interested to publish topics related to Global Financial Crisis and the Impact on Emerging Market Economies Economic Development and Inclusive Growth Climate Change and Energy Infrastructure Development and Public Private Partnerships Capital Flows to and from Emerging Market Economies Regional Cooperation Trade and Investment and Development of National and Regional Financial Markets The Belt and Road Initiative.