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

Andrianady, Josué R. and Randriamifidy, Fitiavana M. and Andrianavony, Jovianah K. (2023): Heat and Economics: Climate Change’s Influence on Madagascar’s GDP.

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.

• Item Type: MPRA Paper
• Language: English
• Keywords: VAR model, Madagascar, GDP growth, agricultural production, land use, temperature fluctuations, economic dynamics, climate change, environmental sustainability
• Subjects: A - General Economics and Teaching > A1 - General Economics; E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development

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