Impacts of Agricultural Aid, Remittances, and Climate Change on Macroeconomic Volatility in Africa
아프리카 국가들의 경제성장률 변동성에 영향을 미치는 요인 분석아프리카 국가들의 경제성장률 변동성에 영향을 미치는 요인 분석

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dc.description학위논문 (석사)-- 서울대학교 국제농업기술대학원 : 국제농업기술학과, 2016. 8. 김태윤.-
dc.description.abstractThis study investigates the effect of remittances and agricultural aid inflows on GDP growth rate volatility in response to environmental shocks indicated by four climate variables in twenty-eight African countries using three years grouped data from 1996 to 2013 with the system generalized method of moments. Consequently, natural disasters and temperature variability have a significant effect on GDP volatility, while rainfall variability and the weighted anomaly standardized precipitation (WASP) index have no adverse consequence on stabilization of the economy. However, in general, remittances and agricultural aid are helpful to stabilize the economy and especially remittances inflows can play a crucial role as insurance when natural disasters occur.-
dc.description.tableofcontentsChapter 1. Introduction 1
1.1. Background and Purpose 1
1.2. Environmental Shocks in Africa 5
1.2.1. Impacts Caused by Climate Change 5
1.2.2. Vulnerability in Africa 7

Chapter 2. Literature Review 9
2.1. Climate Variables and Economic Stabilization 9
2.2. Agricultural Aid 10
2.3. Remittances 12

Chapter 3. Data 15
3.1. African Countries 15
3.2. Model of Economic Volatility 15
3.3. Dependent Variable 19
3.4. Independent Variables 20
3.4.1. Climate Variables 20
3.4.2. Agricultural aid and Remittances 23
3.4.3. Control Variables 24
3.5. Descriptive Statistics 26

Chapter 4. Model Specification and Estimation Method 28
4.1. Model Specification 28
4.2. Estimation Method 32
4.2.1. Endogeneity 32
4.2.2. system-GMM Model 33

Chapter 5. Empirical Results 35
5.1. Analysis of Findings from system-GMM 35
5.2. Marginal Effect of Natural Disasters 42

Chapter 6. Conclusion 44

References 47

Appendix 55

Abstract in Korean 57
dc.format.extent2691610 bytes-
dc.publisher서울대학교 국제농업기술대학원-
dc.subjectGDP growth rate volatility-
dc.subjectagricultural aid-
dc.subjectnatural disaster-
dc.subjectclimate change-
dc.titleImpacts of Agricultural Aid, Remittances, and Climate Change on Macroeconomic Volatility in Africa-
dc.title.alternative아프리카 국가들의 경제성장률 변동성에 영향을 미치는 요인 분석아프리카 국가들의 경제성장률 변동성에 영향을 미치는 요인 분석-
dc.contributor.AlternativeAuthorSoobin You-
dc.contributor.affiliation국제농업기술대학원 국제농업기술학과-
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Graduate School of International Agricultural Technology (국제농업기술대학원)Dept. of International Agricultural Technology (국제농업기술학과)Theses (Master's Degree_국제농업기술학과)
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