Abstract
AbstractThe precarious nature of climate change and its consequences on the resilience of economies require examination. This study investigated climate change resilience in the “big three” economies in Africa—Egypt, Nigeria, and South Africa—using macroeconomic data. Results indicated that Nigeria had the highest vulnerability score and South Africa had the highest resilience score. Readiness for climate change was low in all countries, especially in Nigeria. Climate vulnerability had a significant dampening effect on per capita Gross Domestic Product (GDP) in the three economies. In addition, reducing inflation is associated with increased welfare and resilience by raising per capita GDP, although the effect needs to be magnified with sound economic policies. The low adaptive capacity presents policy direction to develop human resource capacities, improve safety net delivery, and ensure effective early warning systems.
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