Implications of Climate Change for Ghana's Economy

By C. Arndt, Felix Ankomah Asante, J. Thurlow. 2014

358 citations recorded by the source corpus.

Long-run economic development in Ghana is potentially vulnerable to anthropogenic climate change given the country’s dependence on rain-fed agriculture, hydropower and unpaved rural roads. We use a computable general equilibrium model, informed by detailed sector studies, to estimate the economy-wide impacts of climate change under four climate projections. Climate change is found to always reduce national welfare, with poor and urban households and the northern Savannah zone being the worst affected. However, there is wide variation across scenarios in the size of climate impacts and in the relative importance of sectoral impact channels, thus underscoring the need for multi-sector approaches that account for climate uncertainty. Our analysis of adaptation options indicates that investing in agricultural research and extension, and improved road surfaces, are potentially cost-effective means of mitigating most of the damages from climate change in Ghana.

Subfields: Ecology, Evolution, Behavior and Systematics, Economics and Econometrics, Soil Science

View Paper: https://www.semanticscholar.org/paper/d49c33476c4ae8c7819af37a923261a5626e3a69

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Citations in the corpus

Financial Inclusion and Inclusive Growth: A Review of Recent Empirical Evidence (2017, background): “…both a country’s level of financial inclusion and financial development, including income per capita, good governance, the quality of institutions, availability of information, and the regulatory environment (Allen et al. 2016; Rojas-Suarez 2010; Karlan et al. 2014; Park and Mercado 2015).”
BANKING THE POOR VIA SAVINGS ACCOUNTS: EVIDENCE FROM A FIELD EXPERIMENT ∗ (2015, background): “This is consistentwith the constraints thatmay hinder the effective usage of savings products by the poor discussed by Karlan et al. (2014) in their review of the empirical evidence on access to savings accounts.”
Financial literacy and savings decisions by adult financial consumers in Zimbabwe (2017, background): “An emerging body of empirical studies find that low financial literacy is associated with inefficient financial portfolio allocations and low wealth accumulation (van Rooij et al., 2011a,b; Sevim et al., 2012; Jappelli and Padula, 2013; Karlan et al., 2014; Lusardi and Mitchell, 2014).”