Economic Modeling of Global Climate: Comparing Approaches

1991 ◽  
pp. 315-326
Author(s):  
John Reilly
2013 ◽  
Vol 04 (01) ◽  
pp. 1350002 ◽  
Author(s):  
CLEMENS BREISINGER ◽  
TINGJU ZHU ◽  
PERRIHAN AL RIFFAI ◽  
GERALD NELSON ◽  
RICHARD ROBERTSON ◽  
...  

There is broad consensus among scientists that climate change is altering weather patterns around the world. However, economists are only beginning to develop comprehensive tools that allow for the quantification of such weather changes on countries' economies and people. This paper presents a modeling suite that links the downscaling of global climate models, crop modeling, global economic modeling, and sub-national-level dynamic computable equilibrium modeling. Important to note is that this approach allows for decomposing the potential global and local economic effects on countries, including various economic sectors and different household groups. We apply this modeling suite to Syria, a relevant case study given the country's location in a region that is consistently projected to be among those hit hardest by climate change. We find that, despite a certain degree of endogenous adaptation, local impacts of climate change (through declining yields) are likely to affect Syria beyond the agricultural sector and farmers and also reduce economy-wide growth and incomes of urban households in the long term. The overall effects of global climate change (through higher food prices) are also negative, but some farmers may reap the benefit of higher prices. Combining local and global climate change scenarios shows welfare losses across all rural and urban household groups, whereas the poorest household groups are the hardest hit.


2009 ◽  
Author(s):  
Marci Culley ◽  
Holly Angelique ◽  
Courte Voorhees ◽  
Brian John Bishop ◽  
Peta Louise Dzidic ◽  
...  

EDIS ◽  
2017 ◽  
Vol 2017 (5) ◽  
Author(s):  
Alan W. Hodges ◽  
Mohammad Rahmani ◽  
Christa D. Court

This analysis was conducted using the Implan regional economic modeling system and associated state and county databases (IMPLAN Group LLC) to estimate economic multipliers and contributions for over 500 different industry sectors. Multipliers capture the indirect and induced economic activity generated by re-spending of income or sales revenues in a regional economy. A collection of 121 industry sectors were included in the analysis to represent the broad array of activities encompassed by agricultural and natural-resource commodity production, manufacturing, distribution and supporting services in Florida. Economic contributions can be measured in terms of employment, industry output, value added, exports, labor income, other property income, and business taxes. A glossary of economic terms used in this report is provided following this summary.


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