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Rivers State University, Port Harcourt.
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| Title: | Changes in Climate: Implication on Economic Development in Nigeria |
| Author(s): | Achimugu A. A, Ewubare D. B, Ekine D. I, Chukwu S |
| Abstract: | The study examined the implication of the changes in climate on economic development from the period of 1990 to 2022.The study employed annual time series data required for the estimation of the model. The sources of the datasets include the United Nations Development Programme, United Nations Educational, Scientific, and Cultural Organization and Central Bank of Nigeria. The study conducted pre -estimation tests such as the unit root test which was applied to examine the econometrics properties of the variables. The bounds test for cointegration was also carried out. The study adopted the Autoregressive distribution lag (ARDL) model as the analytical method. The ADF unit root tests results showed that at 5%, there was a mix order of integration.The bounds cointegration test was performed at 5 percent level of significance using F-statistic. The results show that the computed F-statistic (4.048829) for the poverty level model exceeded the upper bound critical value (3.67) at 5 percent significance level. The result from the estimation showed that in the short run, both the annual temperature and CO2 emissions influence poverty rate in Nigeria. However, in the long run, poverty in Nigeria was only influence by CO2 emissions. Agricultural land utilization was influence by both the level of average rainfall and annual temperature in the short run but both average rainfall and annual temperature and CO2emission had no impact on agricultural land utilization. The post estimation test results show that, there is no evidence of serial correlation in the models at 5% significance level. The study recommends that the government Nigeria should develop a climate-resilient green economy strategy to protect the country from the adverse effects of climate change. |
| Keywords: | Economic development, climate change, Poverty, Agriculture |
| Journal: | Economic and Social Science Review Vol 2 No 1 |
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