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dc.contributor.advisorKhan, Wasiqur Rahman
dc.contributor.authorSafi, Safwan Mahmood
dc.date.accessioned2022-05-18T06:09:18Z
dc.date.available2022-05-18T06:09:18Z
dc.date.copyright2022
dc.date.issued2022-01
dc.identifier.otherID 19375004
dc.identifier.urihttp://hdl.handle.net/10361/16638
dc.descriptionThis thesis is submitted in partial fulfillment of the requirements for the degree of Master of Science in Applied Economics, 2022.en_US
dc.descriptionCataloged from PDF version of thesis.
dc.descriptionIncludes bibliographical references (pages 46-52).
dc.description.abstractGlobal warming or climate change has amplified the number of natural disasters around the world. Natural disasters include floods, various forms of storms, cyclones, heat waves, drought, wildfires etc. Two important indicators of global warming or climate change are rise in average global temperatures and variability in global rainfall. This paper examines the anthropogenic link between global GHG emissions and climate change indicators (temperature and precipitation levels) and natural disasters. The Asia Pacific region has experienced the brunt of these natural disasters in recent decades and is counting billions of dollars in direct economic damage. Could there be a relationship between the aforementioned changes in climate and the rise in natural disasters in the Asia Pacific region? This paper looks at two important climate change indicators (temperature and precipitation) and tries to quantify the value of economic damage caused by the disasters annually. In cointegration analysis under ARDL framework, there is a long-run association between the increase in direct economic damages in USD and climate change indicators. Global average temperature shows a positive and significant impact on economic damages. Furthermore, inspection of the short run relationship in an ECM model also displays a positive and significant relationship between one lag period of global average temperature and economic damage values. Granger causality examination corroborates the findings and reports a uni-directional causality running from global average temperature and economic damage value. In conjunction with evidence from the literature that it is “very likely” that increases in global temperature, caused by increasing release of GHG in the atmosphere, is altering the climate system suggests a connection between economic damage caused by the natural disasters observed in the region and global warming.en_US
dc.description.statementofresponsibilitySafwan Mahmood Safi
dc.format.extent55 pages
dc.language.isoenen_US
dc.publisherBrac Universityen_US
dc.rightsBrac University theses are protected by copyright. This may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission.
dc.subjectGlobal warmingen_US
dc.subjectClimate changeen_US
dc.subjectNatural disasteren_US
dc.subjectEconomic damageen_US
dc.subjectARDLen_US
dc.subjectGranger causalityen_US
dc.subject.lcshClimatic changes -- Economic aspects.
dc.titleQuantifying the direct economic damage caused by the impact of climate change in Asia Pacific Regionen_US
dc.typeThesisen_US
dc.contributor.departmentDepartment of Economics and Social Sciences, Brac University
dc.description.degreeM. in Economics


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