Empirical Analysis of the Impact of Climate Change on Togo’s Economy

International Journal of Economics and Management Studies

© 2019 by SSRG - IJEMS Journal

Volume 6 Issue 10

Year of Publication : 2019

Authors : Folega Zounogo Abdou-Razak, Rakotosamimanana Henintsoa, Abdou M. T. Watara

10.14445/23939125/IJEMS-V6I10P120

How to Cite?

Folega Zounogo Abdou-Razak, Rakotosamimanana Henintsoa, Abdou M. T. Watara, "Empirical Analysis of the Impact of Climate Change on Togo’s Economy," SSRG International Journal of Economics and Management Studies, vol. 6,  no. 10, pp. 152-159, 2019. Crossref, https://doi.org/10.14445/23939125/IJEMS-V6I10P120

Abstract:

Climate change may add significant impact to the developmental issue of ensuring food self-sufficiency and reducing poverty. Togo, in its configuration, has an agriculture that occupies 70% of the population and generates 40% of the total GDP, but this agriculture is heavily dependent on weather conditions. Climate change tends to make Togo’s population and economy more vulnerable.
The present study aimed to analyse the impact of climate change on Togo’s Economy. The study used the dynamic model in Ordinary Least Squared, in Time series data of Togo from 1970 to 2018, the research used secondary data. The variables: Gross Domestic Product per capita (GDPPC) as a proxy of Economic growth, linear climatic variables temperature, precipitation as a proxy of climate Change Lag of Gross Domestic product per capita(lagGDPPC), Degree of Trade Openness (DOP), Official Development Assistance (ODA) were used for the model. After the analyses using Eviews 7, the study found that the change in climatic conditions has significant impact on Togo’s economy. The results of the study showed that an increase in 1% in Precipitation will decrease Togo’s economy by 0.14%. Similarly, an increase in 1% in temperature will decrease Togo’s economy by 1.86% (ceteris paribus).The variables Lag of Gross Domestic product per capita (lagGDPPC), Degree of Trade Openness (DOP), Official Development Assistance (ODA) were found significant and positively affected Togo’s economy.

Keywords:

Climate change, Economy, Togo, OLS.

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