RAINFALL FLUCTUATIONS AND ECONOMIC GROWTH: EVIDENCE FROM SENEGAL

RAINFALL FLUCTUATIONS AND ECONOMIC GROWTH: EVIDENCE FROM SENEGAL

In this paper, we simulate and evaluate the impact of extreme rainfall events on various sectors in the economy; factors of production remuneration and economic growth in Senegal. A dynamic general equilibrium model is developed which includes an index linking rainfall fluctuations to total producti...

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Main Author: François Joseph CABRAL
Format: Article
Language:English
Published: Slovak University of Agriculture 2017-11-01
Series:Review of Agricultural and Applied Economics
Subjects:
climate change
rainfall
agriculture
economic growth
CGE
Online Access:http://roaae.org/wp-content/uploads/2017/06/RAAE_2_2017_Cabral.pdf
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spelling doaj-4bdeeecf393940cca1e40f8be15f2eaa2020-11-24T23:28:43ZengSlovak University of AgricultureReview of Agricultural and Applied Economics1336-92612017-11-01202122110.15414/raae.2017.20.02.12-21758-1RAINFALL FLUCTUATIONS AND ECONOMIC GROWTH: EVIDENCE FROM SENEGALFrançois Joseph CABRALIn this paper, we simulate and evaluate the impact of extreme rainfall events on various sectors in the economy; factors of production remuneration and economic growth in Senegal. A dynamic general equilibrium model is developed which includes an index linking rainfall fluctuations to total productivity factor (TPF) and factor market. Based on rainfall trends during the past three decades, we run simulations to assess the effects of rainfall values on GDP growth. The results show that extreme events in rainfall pattern deeply affect GDP growth in Senegal; sharp drops in rainfall lead to declining GDP and periods of abundant rainfalls are marked by better performance in term of GDP. However, rainfall drops lead to losses in GDP growth in comparison to gains in GDP growth due to rainfall surplus.http://roaae.org/wp-content/uploads/2017/06/RAAE_2_2017_Cabral.pdfclimate changerainfallagricultureeconomic growthCGE
collection DOAJ
language English
format Article
sources DOAJ
author François Joseph CABRAL
spellingShingle François Joseph CABRAL
RAINFALL FLUCTUATIONS AND ECONOMIC GROWTH: EVIDENCE FROM SENEGAL
Review of Agricultural and Applied Economics
climate change
rainfall
agriculture
economic growth
CGE
author_facet François Joseph CABRAL
author_sort François Joseph CABRAL
title RAINFALL FLUCTUATIONS AND ECONOMIC GROWTH: EVIDENCE FROM SENEGAL
title_short RAINFALL FLUCTUATIONS AND ECONOMIC GROWTH: EVIDENCE FROM SENEGAL
title_full RAINFALL FLUCTUATIONS AND ECONOMIC GROWTH: EVIDENCE FROM SENEGAL
title_fullStr RAINFALL FLUCTUATIONS AND ECONOMIC GROWTH: EVIDENCE FROM SENEGAL
title_full_unstemmed RAINFALL FLUCTUATIONS AND ECONOMIC GROWTH: EVIDENCE FROM SENEGAL
title_sort rainfall fluctuations and economic growth: evidence from senegal
publisher Slovak University of Agriculture
series Review of Agricultural and Applied Economics
issn 1336-9261
publishDate 2017-11-01
description In this paper, we simulate and evaluate the impact of extreme rainfall events on various sectors in the economy; factors of production remuneration and economic growth in Senegal. A dynamic general equilibrium model is developed which includes an index linking rainfall fluctuations to total productivity factor (TPF) and factor market. Based on rainfall trends during the past three decades, we run simulations to assess the effects of rainfall values on GDP growth. The results show that extreme events in rainfall pattern deeply affect GDP growth in Senegal; sharp drops in rainfall lead to declining GDP and periods of abundant rainfalls are marked by better performance in term of GDP. However, rainfall drops lead to losses in GDP growth in comparison to gains in GDP growth due to rainfall surplus.
topic climate change
rainfall
agriculture
economic growth
CGE
url http://roaae.org/wp-content/uploads/2017/06/RAAE_2_2017_Cabral.pdf
work_keys_str_mv AT francoisjosephcabral rainfallfluctuationsandeconomicgrowthevidencefromsenegal
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