CLIMATE CHANGE AND PRODUCTIVITY GROWTH IN NIGERIA
Abstract
This paper analyzes the economic impacts of climate change-induced adjustments on the performance of the Nigerian economy, using a Autoregressive distributed lag estimates (ARDL). The ARDL approach enables comparison of the... [ view full abstract ]
This paper analyzes the economic impacts of climate change-induced adjustments on the performance of the Nigerian economy, using a Autoregressive distributed lag estimates (ARDL). The ARDL approach enables comparison of the effects of climate change to the overall growth of the economy because responsiveness to shocks is likely to depend on the macroeconomic structure of the economy. Although, in recent times, the effect of overall climate change on productivity is projected to be relatively limited in developing economies, but it is projected that the scenario may become worse thereafter. Given the quest for industrial advancement, projected reduction in areas like agricultural productivity is imminent. Even though the time scales involved and the low starting point of the economy leaves ample time for factor substitutability (i.e., replacing reduced land productivity with increased use of capital and labor) and increased overall productivity, nonetheless, industrial policies should be geared towards autonomous climate adaptation. The study results can inform policymakers when choosing between direct climate-change adaptation policies or measures aimed at strengthening the fundamentals of the economy, as well as a contributor to mitigating unforeseen circumstances.
Keywords: “Environment” “Agriculture”, “Industry”, “Growth”, “Productivity”
Authors
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Adejumo Oluwabunmi
(Obafemi Awolowo University, Ile-Ife, Osun State, Nigeria)
Topic Areas
II. Environmental Health 2.1 Disease mapping 2.2 Assessment of the impact of environmental , II. Urban Health at the intersection of urban environment, social determinants and places , III. Urban Environments: what specificities? 3.1 Urban Environments as places of demograph , VI. Research and action 6.1 Collaboration; interaction of researchers; stakeholders 6.2 S
Session
UH-EH-O-01 » Urban Health - Environmental Health - 01 (08:00 - Saturday, 2nd April, TBA)
Paper
EEC_Paper.docx
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