GTAP Resources: Resource Display
| GTAP Resource #1698 |
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"Climate Change and Extreme Events: an Assessment of Economic Implications" by Roson, Roberto, Francesco Pauli and Alvaro Calzadilla Abstract We use a dynamic general equilibrium model of the world economy to assess the economic implications of higher vulnerability from extreme meteorological events. In particular, we consider the impact of climate change on ENSO/NAO cycles, and the implied variation on regional expected damages, due to extreme events. A statistical model is developed to test: (a) effects of temperature variation on ENSO an NAO cycles, (b) variations in expected regional damage for a series of events connected with climate change. We analyze how local impacts propagate inside the world economic structure, because of trade relationships among regions. Three effects are taken into account: (1) negative local shocks, determined by loss of resources, (2) changes in demand structure, generated by higher/lower precautionary saving, and (3) variations in regional economic growth paths. System-wide effects are illustrated by taking, as an example, some disastrous floods that occurred in Australia in 1998. Dynamic effects are considered in a dynamic CGE model, in terms of higher or lower saving rates, and higher or lower variance of econommic growth. |
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Public Access  GTAP Resource 1698 (343.6 KB) Replicated: 0 time(s)Restricted Access No documents have been attached. Special Instructions No instructions have been specified. |
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Last Modified: 9/15/2023 2:05:45 PM
