Climate change and the macroeconomy in the Caribbean basin: analysis and projections to 2099

In this study, an attempt is made to assess the economic impact of climate change on nine countries in the Caribbean basin: Aruba, Barbados, Dominican Republic, Guyana, Jamaica, Montserrat, Netherlands Antilles, Saint Lucia and Trinidad and Tobago. A methodological approach proposed by Dell et al. (2008) is used in preference to the traditional Integrated Assessment Models. The evolution of climate variables and of the macro-economy of each of the nine countries over the period 1970 to 2006 is analysed and preliminary evidence of a relationship between the macroeconomy and climate change is examined.