Dialectical Journal on Environmental Economics

Date
Dialectical Journal
Text
“To the extent that climatic factors affect economically relevant outcomes, whether agricultural output, economic growth, health, or conflict, a careful understanding of such effects may be essential to the effective design of contemporary economic policies and institutions" (Dell et al. 1).
"The authors find that higher rainfall is associated with faster growth in these sub-Saharan African countries but not elsewhere. (Dell et al. 754).
“For example, if the national income is the outcome of interest, then controlling for investment rates
would be problematic if the climatic variables influence investment, directly or indirectly" (Dell et al., 748).
Responses
The two quotes from the literature have been selected because they highlight the things that people can learn from the environment regarding the economy and political stability.
Changes in the environment impact the economy and the way of life for the people who have been affected (Dell et al. 7). The changes in the weather pattern impact labor productivity, agricultural output, and industrial output. The energy sector and the health sectors are also affected by changes in the weather.
One of the primary significance of the quote is that weather changes affect the energy sector of a country. Many countries rely on hydroelectric energy for their factories and use at home. Climate change has led to a reduction in rainfall
“Temperature shocks appear to have little effect in rich countries” (Dell et al. 754)
“Higher rainfall is associated with faster growth in these sub-Saharan African countries but not elsewhere” (Dell et al. 754).
“Annual per capita income growth is positively predicted by current and lagged rainfall growth" (Dell et al. 754).
“Being 1°C warmer in a given ye...