Econometric estimation of the link between floods and climate change in the province of New Brunswick

Simple item page
dc.contributor.advisorYevdokimov, Yuri
dc.contributor.authorAnim-Opare, Victor
dc.date.accessioned2023-03-01T16:17:51Z
dc.date.available2023-03-01T16:17:51Z
dc.date.issued2019
dc.date.updated2023-03-01T15:01:25Z
dc.description.abstractOver the past decades, New Brunswick has recorded many extreme weather and climate events such as winter storms, hurricanes, floods, storm surges, and severe thunderstorms resulting in huge damages to individuals, firms, and Governments. Among these events, it has been proven that flood is the most occurring one. In this study, we estimated the relationship between floods and climatic variables such as temperature, rainfall, sea-level and Green House Gases (GHG) emissions using the logit model. River discharge was used as a hydrological control variable. The model showed that, there exists statistically significant positive relationship between flood and rainfall and GHG emissions. Moreover, temperature and sea-level are close to being significant showing negative and positive relationships with flood respectively. However there exists an insignificant positive relationship between discharge and flood. Results from the logit model were used to predict the probability of future floods in New Brunswick by taking into consideration the long run dynamics of the hydrological variable and climatic variables. It was established in this study that, the probability of flood in New Brunswick will be 100% in 2057 if the effects of temperature, rainfall, sea-level, discharge and GHG emissions are considered. The significance of this study is to provide economic justification for the investments into preventive and mitigation measures in the region.
dc.description.copyright© Victor Anim-Opare, 2019
dc.description.noteA Report Submitted in Partial Fulfillment of the Requirements for the Degree of Master of Arts in the Graduate Academic Unit of Economics
dc.formattext/xml
dc.format.extentv, 44 pages
dc.format.mediumelectronic
dc.identifier.urihttps://unbscholar.lib.unb.ca/handle/1882/13376
dc.language.isoen_CA
dc.publisherUniversity of New Brunswick
dc.rightshttp://purl.org/coar/access_right/c_abf2
dc.subject.disciplineEconomics
dc.titleEconometric estimation of the link between floods and climate change in the province of New Brunswick
dc.typemaster thesis
thesis.degree.disciplineEconomics
thesis.degree.fullnameMaster of Arts
thesis.degree.grantorUniversity of New Brunswick
thesis.degree.levelmasters
thesis.degree.nameM.A.

Files

Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
item.pdf
Size:
434.92 KB
Format:
Adobe Portable Document Format
Download

Collections