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Climate Change and Economic Growth in Lebanon

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  • Hanadi Taher

    (Beirut Arab University, Beirut, Lebanon)

Abstract

This paper examined the relation between the climate change and economic growth in Lebanon. Time series analysis for the period 1990-2013 based on ordinary least squares (OLS) estimation technique were used. Changes in annual rainfall, carbon dioxide emission, temperature changes, and forest areas were used to capture climate change, while gross fixed capital formation, labor force and urbanization were used as control variables. The results indicate that two climate variables have negative impact (carbon dioxide emissions and forest areas) and two positive impact on the Lebanese economic growth (rainfalls and temperature changes). However, only rainfalls variable is statistically significant. All the control variables were statistically significant have the theoretical expected signs. These results imply that Lebanese policy makers should implement strategies to minimize the effect of carbon dioxide emissions and forest depletion. Based on this, a specialized national council should be initiated to put series studies to deal with all climate change issues. After testing the stationarity levels, the co-integration tests confirm the existence of co-integrating relationship between the variables.

Suggested Citation

  • Hanadi Taher, 2019. "Climate Change and Economic Growth in Lebanon," International Journal of Energy Economics and Policy, Econjournals, vol. 9(5), pages 20-24.
    • Handle: RePEc:eco:journ2:2019-05-4
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    References listed on IDEAS

    as
    1. Gebreegziabher, Zenebe & Stage, Jesper & Mekonnen, Alemu & Alemu, Atlaw, 2011. "Climate Change and the Ethiopian Economy: A Computable General Equilibrium Analysis," RFF Working Paper Series dp-11-09-efd, Resources for the Future.
    2. Olivier Deschênes & Michael Greenstone, 2007. "The Economic Impacts of Climate Change: Evidence from Agricultural Output and Random Fluctuations in Weather," American Economic Review, American Economic Association, vol. 97(1), pages 354-385, March.
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    Cited by:

    1. Esra KADANALI & Omer YALCINKAYA, 2020. "Effects of Climate Change on Economic Growth: Evidence from 20 Biggest Economies of the World," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(3), pages 93-118, September.
    2. Hanadi Taher, 2020. "Financial Development and Economic Growth Impact on The Environmental Degradation in Lebanon," International Journal of Energy Economics and Policy, Econjournals, vol. 10(3), pages 311-316.
    3. Ammar Jreisat, 2021. "Financial Development and Economic Growth Impact on the Environmental Degradation in Jordan," International Journal of Energy Economics and Policy, Econjournals, vol. 11(4), pages 157-161.

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    More about this item

    Keywords

    Climate Change; Economic Growth; Ordinary Least Squares; co-integration tests.;
    All these keywords.

    JEL classification:

    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth

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