Novel Explorations in Computational Science and Behavioral Management

Novel Explorations in Computational Science and Behavioral Management

The Effects of Climate Change and Technology Improvements on Economic Growth in Selected Developing Countries

Document Type : Original Article

Authors
Golsa Abbasi 1
Mostafa Karimzadeh 2
Hadi Esmaeil Pour Moghaddam 3
1 M.A. Student of Economic in Ferdowsi University of Mashhad, Mashhad, Iran
2 Assistant professor, Department of Economics, Ferdowsi University of Mashhad, Mashhad, Iran
3 Assistant professor, Department of Economics, Ferdowsi University of Mashhad, Mashhad, Mashhad, Iran
10.22034/necsbm.2024.475968.1079
Abstract
The purpose of this research is to evaluate the effects of climate change shocks and economic complexity on economic growth, using the panel vector auto-regression model. In this research, the average temperature data and ECI (Economic Complexity Index), which is an indicator of technological progress (Mohammad Mahdi Ahmadian Divkhti et al., 2017), were used for MENA countries in 1995 to 2015. According to the analysis of variance decomposition of economic growth, we found that only 5% of changes in economic growth are related to climate change. So it can be resulted that the effect of climate change on economic growth is limited, but this effect is positive and significant. The effect of climate change shock (temperature changes) on the economic complexity index, according to the results of shock response functions is as follows: with the shock of temperature changes, the response of the economic complexity index is very high, positive and significant.
Keywords
Climate change
Economic complexity
PVAR
ECI
Economic Growth

Subjects

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Novel Explorations in Computational Science and Behavioral Management
Volume 3, Issue 1 - Serial Number 5
September 2025
Pages 1-14

  • Receive Date 29 August 2024
  • Revise Date 10 November 2024
  • Accept Date 25 November 2024