Assessing the impact of global warming on productivity in emerging economies of Asia. (24th June 2021)

• Record Type: Journal Article
• Authors: Alvi, Shahzad; Jamil, Faisal; Ahmed, Ather Maqsood
• Is Part Of: International journal of global warming. Volume 24:Number 2(2021)
• Page Start: 222
• Page End: 234
• Publication Date: 2021-06-24
• Subjects: climate change -- global warming -- economic growth -- sustainability -- total factor productivity -- TFP -- mitigation -- fixed effect; Global warming -- Periodicals; Global warming -- Statistics -- Periodicals; Global warming -- Economic aspects -- Periodicals; Climatic changes -- Periodicals; Climatic changes -- Economic aspects -- Periodicals; Climatic changes -- Environmental aspects -- Periodicals; 363.73874
• Languages: English
• ISSNs: 1758-2083

Abstract

Over the past decade, a consensus has emerged among scientists that the greenhouse gas (GHG) emissions generated by human activities are responsible for changing the earth's climate, which in turn has increased human vulnerability. It is observed that increasing temperatures cause work stress, fatigue and decrease the cognitive abilities of workers. It also affects machines' performance, thereby decreasing labour and capital productivity. Given the importance of productivity for the long-term economic growth and sustainability of economies, this study investigates the impact of global warming on productivity by using a panel data of selected emerging economies of Asia covering a time span of 27 years ranging between 1990 and 2016. The fixed effects model has been used for empirical estimation. The results indicate that global warming has turned out to be a major source of productivity loss.