Unraveling the Climate-Macro Conundrum: The Macroeconomic Impact of Climate Change in Eastern Africa
This study has empirically examined the macroeconomic impact of climate change in the East African region by focusing on Ethiopia, Kenya, Rwanda, Tanzania, and Uganda. It dealt with this effect comprehensively by focusing on economic growth, agricultural output, exports, and food security (using food supply and inflation). This is done using a suite of theoretical models from macroeconomic and macro-econometric literature. The analysis confirms that the effects of climate change in the region are real and present a macroeconomic danger to the economies of the five countries in the region.