The Impact of Natural Disasters and Climate Change on Agriculture: An Empirical Analysis

Authors

  • Muhammad Tariq Iqbal Khan Department of Economics, Government College University, Faisalabad-38000, Pakistan
  • Dr. Sofia Anwar Department of Economics, Government College University, Faisalabad-38000, Pakistan
  • Dr. Muhammad Rizwan Yaseen Department of Economics, Government College University, Faisalabad-38000, Pakistan
  • Dr. Abdul Majeed Nadeem Department of Economics, Government College University, Faisalabad-38000, Pakistan

DOI:

https://doi.org/10.52223/jei4012204

Keywords:

Economic Growth, Natural Disasters, Rainfall, Sustainable Development, Temperature , Two-Step GMM

Abstract

This study shows the effect of natural disasters, rainfall, temperature, economic growth, renewable energy, and contributing family workers on the agricultural development index in 101 countries of all income groups (i.e., 24 high, 29 upper-middle, 32 lower-middle, and 16 low). It develops a new agricultural development index using a standard procedure. The two-step generalized method of moments depicts revealed the adverse consequences of natural disasters on agriculture. Renewable energy showed a favorable impact on agricultural development in all panels. Contrarily, the reduction in agricultural development was reported due to an increase in temperature in all panels. Agricultural development increased due to economic growth in all panels. It is required to increase disaster resilience to minimize disaster-related losses. It is recommended to increase renewable energy use for agricultural development. Policymakers should make strategies to mitigate the adverse impacts of global warming.  

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Author Biographies

Muhammad Tariq Iqbal Khan, Department of Economics, Government College University, Faisalabad-38000, Pakistan

Muhammad Tariq Iqbal Khan is a Ph.D. student at Government College University Faisalabad and Lecturer in Economics at the Government Graduate College, Jaranwala. His research is on natural disasters, tourism development, energy economics, marketing efficiency, and agricultural economics. He wrote 35 research publications, having cumulative impact factor of 100.726 and 446 citations.

Dr. Sofia Anwar, Department of Economics, Government College University, Faisalabad-38000, Pakistan

Dr. Sofia Anwar is working as Professor of Economics and Dean Faculty of Economics & Management Sciences at Government College University Faisalabad. She has more than 23 years of teaching, research, and administrative experience. She has produced over 100 research publications and supervised the research of 6 Ph.D. and many M.Phil students. Her key research areas are development economics, environmental economics, and econometrics. She won two research projects, funded by Higher Education Commission, Pakistan.

Dr. Muhammad Rizwan Yaseen, Department of Economics, Government College University, Faisalabad-38000, Pakistan

Dr. Muhammad Rizwan Yaseen is working as Associate Professor of Economics at Government College University Faisalabad. He completed M.Phil from Montpellier University 1 France and Ph.D. in Economics from AgroParisTech Paris France. He has published more than 40 research papers in national and international journals. He supervised the research of 3 Ph.D. and many M.Phil. students. His key research areas are development economics, food security, environmental economics, and econometrics.

Dr. Abdul Majeed Nadeem, Department of Economics, Government College University, Faisalabad-38000, Pakistan

Dr. Abdul Majeed Nadeem is working as Assistant Professor at the Department of Economics, Government College University Faisalabad. His research focus is on Agricultural Economics, Water Poverty, Climate Change and Environment . He supervised the research of many M.Phil students. He wrote 22 research publications, which are published in national and international journals. 

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Published

2022-02-09

How to Cite

Khan, M. T. I., Anwar, S., Yaseen, M. R. and Nadeem, A. M. (2022) “The Impact of Natural Disasters and Climate Change on Agriculture: An Empirical Analysis”, Journal of Economic Impact, 4(1), pp. 28–38. doi: 10.52223/jei4012204.

Issue

Section

Research Articles
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