| 000 -LEADER |
|---|
| fixed length control field |
01784nam a22001577a 4500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION |
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| fixed length control field |
230306b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME |
|---|
| Personal name |
Kunawotor, M.E., Bokpin G.A. and Amoateng, K.A. |
| 245 ## - TITLE STATEMENT |
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| Title |
The implications of climate change and extreme weather events for fiscal balance and fiscal policy in Africa |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) |
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| Place of publication, distribution, etc |
Journal of Social and Economic Development |
| 300 ## - PHYSICAL DESCRIPTION |
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| Extent |
24(2), Dec, 2022: p. 470-492 |
| 520 ## - SUMMARY, ETC. |
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| Summary, etc |
African countries quite often experience weather-related events as a result of climate variabilities. In this study, we investigate the effects of climate change and the incidence of extreme weather events on fiscal balance and the broad implications for fiscal policy formulation in Africa. We employ the system GMM, fixed-effects and random-effects estimation strategies over the period 1990–2017. We find that increases in temperature change anomaly which implies a warmer climate in a meteorological year worsens fiscal balance in Africa. Our findings also reveal that weather-related events may have a significant impact on fiscal balance, if the damage caused is large and consequential. Furthermore, African countries with relatively strong institutions and adaptive capacities tend to modulate the impact of temperature change anomaly and extreme weather events on fiscal balance. We forecast that the frequent incidence of climatic disruptions and extreme weather events which are considered as external shocks may toughen the fiscal consolidation efforts and debt sustainability measures of some African governments. – Reproduced |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name as entry element |
Climate change, Extreme weather events, Fiscal balance, Institutions, Africa. |
| 9 (RLIN) |
36544 |
| 773 ## - HOST ITEM ENTRY |
|---|
| Main entry heading |
Journal of Social and Economic Development |
| 906 ## - LOCAL DATA ELEMENT F, LDF (RLIN) |
|---|
| Subject DIP |
CLIMATE CHANGE |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) |
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| Item type |
Articles |
