The application of the macroeconomics analysis of climate changes model (MACC-Model) in China: Floods

Abstract

Global climate change has a potentially large impact on economic growth but measuring such economic impact is subject to a great deal of uncertainty. Hence, this chapter examines the possibility of measuring the economic impact of climate change through the macroeconomics analysis of climate change (MACC) model, a new model to evaluate the impact of climate change on GNP growth. To give light to the model, a test run is carried out on China to evaluate the impact of the country’s natural disasters on its economy.