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

Dayoro, Donatien (2024): Hybrid Model Construction for Integrating Climate Risks into Côte d'Ivoire's Economic Policy: Theoretical Approach and Management Strategies. Published in: , Vol. 28, (5 December 2024): pp. 1-28.

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.

• Item Type: MPRA Paper
• Language: French
• 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.
• Subjects: B - History of Economic Thought, Methodology, and Heterodox Approaches > B4 - Economic Methodology > B41 - Economic Methodology; C - Mathematical and Quantitative Methods > C3 - Multiple or Simultaneous Equation Models ; Multiple Variables > C32 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes ; State Space Models; C - Mathematical and Quantitative Methods > C3 - Multiple or Simultaneous Equation Models ; Multiple Variables > C33 - Panel Data Models ; Spatio-temporal Models; C - Mathematical and Quantitative Methods > C4 - Econometric and Statistical Methods: Special Topics; C - Mathematical and Quantitative Methods > C4 - Econometric and Statistical Methods: Special Topics > C44 - Operations Research ; Statistical Decision Theory; C - Mathematical and Quantitative Methods > C6 - Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling > C61 - Optimization Techniques ; Programming Models ; Dynamic Analysis; C - Mathematical and Quantitative Methods > C6 - Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling > C63 - Computational Techniques ; Simulation Modeling; O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q5 - Environmental Economics; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q5 - Environmental Economics > Q51 - Valuation of Environmental Effects; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q5 - Environmental Economics > Q54 - Climate ; Natural Disasters and Their Management ; Global Warming; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q5 - Environmental Economics > Q58 - Government Policy

References

1. Banque Centrale des États de l’Afrique de l’Ouest (BCEAO). (2020). Rapport annuel 2020. Dakar: BCEAO. Disponible sur : www.bceao.int

2. Banque Mondiale. (2020). The Changing Wealth of Nations 2020: Managing Resources for Inclusive Growth. Washington, D.C.: World Bank. Disponible sur : https://www.worldbank.org

3. Institut National de la Statistique (INS). (2021). Statistiques économiques et sociales en Côte d’Ivoire. Abidjan: INS. Disponible sur : http://www.ins.ci

4. Banque Africaine de Développement (BAD). (2020). African Economic Outlook 2020: Developing Africa’s Workforce for the Future. Abidjan: BAD. Disponible sur : https://www.afdb.org

5. SODEXAM. (2021). Rapport sur les évolutions climatiques en Côte d’Ivoire. Abidjan: SODEXAM. Disponible sur : http://www.sodexam.ci

6. Stern, N. (2007). The Economics of Climate Change: The Stern Review. Cambridge: Cambridge University Press. ISBN : 978-0521700801.

7. Nordhaus, W. D. (2008). A Question of Balance: Weighing the Options on Global Warming Policies. New Haven: Yale University Press. ISBN : 978-0300137484.

8. Ostrom, E. (1990). Governing the Commons: The Evolution of Institutions for Collective Action. Cambridge: Cambridge University Press. ISBN : 978-0521405997.

9. Stiglitz, J. E. (2002). Globalization and Its Discontents. New York: W.W. Norton & Company. ISBN : 978-0393324396.

10. Sen, A. (1999). Development as Freedom. New York: Oxford University Press. ISBN : 978-0198297581.

11. Fonds Monétaire International (FMI). (2020). World Economic Outlook: The Great Lockdown. Washington, D.C.: IMF. Disponible sur : https://www.imf.org

12. Organisation de Coopération et de Développement Économiques (OCDE). (2020). Environmental Outlook to 2050: The Consequences of Inaction. Paris: OECD Publishing. Disponible sur : https://www.oecd.org

13. Analyse de la qualité et de l’efficacité des investissements : cas de la Côte d’Ivoire. 2018). Etudes_Investissement_Public_Etude_Version_Finale_03022019. www.dge.gouv.ci/sites/default/files