Climate Change and Economic Growth Nexus: Time Series Evidence from Pakistan
Climate Change and Economic Growth Nexus: Time Series Evidence from Pakistan
Umar Hayat1, Khalid Khan2, Saima Liaqat3* and Balach Rasheed2
ABSTRACT
Pakistan is one of the major victims of climate change resulting in water scarcity, low agriculture productivity, and variation in seasons across the country. The present study is an attempt to analyze the dynamic effects of variation in rainfall on economic growth in different provinces of Pakistan. Results show that low rains over the period of time have adversely affected the production, employment, and supply chain of crops. Furthermore, to avoid the adverse effects of climate change in the future, it is suggested to plant more trees and arrange different types of awareness campaign through print media and electronic media. It is also recommended to conserve water through the construction of dams and proper irrigation system may be managed on new footings to irrigate more lands to achieve the ultimate objectives of economic growth in Pakistan.
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