The Economic Costs of Climate Change: a Multi-Sector Impact Assessment for Vietnam

Channing Arndt, Finn Tarp and James Thurlow

No wp-2012-082, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Unlike existing studies, we adopt a multi-sectoral approach and consider the full range of climate projections. Biophysical damages are translated into economic costs using a dynamic economywide model. Our results for Vietnam indicate that the negative impacts on agriculture and roads are modest, at least until 2050. Larger costs are caused by rising sea levels and cyclone strikes. Overall, climate change is likely to reduce Vietnam's national income by between one and two percent by 2050 (relative to a historical baseline). Damages double under more extreme projections.

Keywords: Climate change; Econometric models; Global warming; Environment (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (2)

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Journal Article: The Economic Costs of Climate Change: A Multi-Sector Impact Assessment for Vietnam (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:unu:wpaper:wp-2012-082

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