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Detecting and Quantifying Structural Breaks in Climate.

Authors :
Ericsson, Neil R.
Dore, Mohammed H. I.
Butt, Hassan
Source :
Econometrics (2225-1146); Dec2022, Vol. 10 Issue 4, p33, 27p
Publication Year :
2022

Abstract

Structural breaks have attracted considerable attention recently, especially in light of the financial crisis, Great Recession, the COVID-19 pandemic, and war. While structural breaks pose significant econometric challenges, machine learning provides an incisive tool for detecting and quantifying breaks. The current paper presents a unified framework for analyzing breaks; and it implements that framework to test for and quantify changes in precipitation in Mauritania over 1919–1997. These tests detect a decline of one third in mean rainfall, starting around 1970. Because water is a scarce resource in Mauritania, this decline—with adverse consequences on food production—has potential economic and policy consequences. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
22251146
Volume :
10
Issue :
4
Database :
Complementary Index
Journal :
Econometrics (2225-1146)
Publication Type :
Academic Journal
Accession number :
160988050
Full Text :
https://doi.org/10.3390/econometrics10040033