The Impact of Climate Change on Economic Growth in Developing Countries Case of Morocco

  • Abdessamad EJJIAR Cadi Ayyad University of Marrakech, Morocco
  • Fatima ARIB Cadi Ayyad University of Marrakech, Morocco
Keywords: Climate change; Economic Growth; DICE Model; Innovation; Morocco

Abstract

Today, climate change is one of the major challenges that face the world, it is a considerable threat to mankind and also to its economic activities, the macro-economic impacts of climate change and low-carbon transition policies on the planet would be moderate overall a relative few hundredth of a percent of world GDP on an annual basis.

Understanding what constitutes dangerous climate change is of critical importance for future concerted action (Schneider, 2001, 2002).

Developing countries, such as Morocco, consider themselves to be the most vulnerable to the effects of climate change. In contrast to low-income countries, rich countries that have very high greenhouse gas emissions can mitigate and adapt to the impact of climate change.

The awareness of this vulnerability was confirmed during the many years of drought that hit the country at the end of the last century and heavily affected the national economy.

It is important to have the most recent information on this subject in order to take it into account in the vulnerability assessment and adaptation planning processes.

In this work, we purpose a review of the literature on the impact of climate change on economic growth, particularly in Morocco. theoretical analysis of the environmental/economic analysis and the possibility of its application to the Moroccan situation

The study finds a significant negative effect on climate change debt on economic growth in Morocco in the short-run and the long-run. It also finds the necessity of implementing an economy to have more ideas about the unknown climate/economic situation in Morocco.

 

 

JEL Classification: Q44, Q54

Paper type: Theoretical Research

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Published
2022-06-06
How to Cite
EJJIAR, A., & ARIB, F. (2022). The Impact of Climate Change on Economic Growth in Developing Countries Case of Morocco. International Journal of Accounting, Finance, Auditing, Management and Economics, 3(4-1), 354-367. https://doi.org/10.5281/zenodo.6612549