Abstract
Climate change poses a challenge to global economies, disproportionately affecting vulnerable nations. This study examines the global dynamic relationship between climate risk and macroeconomic stability, employing Phillips and Sul’s (2007) time-varying nonlinear convergence model. It explores economic growth patterns and vulnerability by utilizing ND-GAIN vulnerability index data and GDP per capita for 184 countries (1995–2021). Results indicate no overarching convergence among nations but reveal 11 distinct “convergence clubs” based on similar vulnerability and economic performance levels. Low-income, climate-sensitive economies cluster in high-risk groups, while wealthier nations display moderate to low vulnerability, highlighting the need for diverse, targeted resilience strategies.
Presenters
Faizan ShabirResearch Scholar, Economics, Aligarh Muslim University, Uttar Pradesh, India
Details
Presentation Type
Paper Presentation in a Themed Session
Theme
2025 Special Focus—Sustainable Development for a Dynamic Planet: Lessons, Priorities, and Solutions
KEYWORDS
Climate Change, Macroeconomic Stability, Convergence Clubs, Vulnerability Index, Resilience
