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Stolen Dreams or Collateral Damage: Climate and Economic Growth in Time of Covid-19

Hany Abdel-Latif (), Hala Abou-Ali, Yasmine Abdelfatah, Nada Rostom, Amal Abdelfatah and Said Kaawach
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Hany Abdel-Latif: Swansea University
Yasmine Abdelfatah: Universities of Canada, Egypt
Nada Rostom: American University Cairo, Egypt
Amal Abdelfatah: Universities of Canada, Egypt

Authors registered in the RePEc Author Service: Yasmine M. Abdelfattah ()

No 1523, Working Papers from Economic Research Forum

Abstract: This paper investigates the coupled dynamics of climate and growth in the Middle East and North Africa (MENA) region, considering exogenous shocks such as the COVID-19,with no presumptions on the direction of causality. We utilise temperature and precipitation departures from their historical trends to quantify climate change. We estimatecountry-specific and panel vector autoregressive models with exogenous variables to supplement existing attempts that integrate climate change in economic modelling. Our findings lend evidence to the interrelation between climate change and economic growth without ruling out bi-directional causality, a reality that many climate studies tend to overlook.

Pages: 18
Date: 2021-12-20, Revised 2021-12-20
New Economics Papers: this item is included in nep-ara and nep-env
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Published by The Economic Research Forum (ERF)

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