Estimating the Economic Impact of Climate Change on Cardiovascular Diseases—Evidence from Taiwan

Shu-Yi Liao, Wei-Chun Tseng, Pin-Yu Chen, Chi-Chung Chen and Wei-Min Wu
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Shu-Yi Liao: Department of Applied Economics, National Chung-Hsing University, Taichung, Taiwan
Wei-Chun Tseng: Department of Applied Economics, National Chung-Hsing University, Taichung, Taiwan
Pin-Yu Chen: Department of Applied Economics, National Chung-Hsing University, Taichung, Taiwan
Chi-Chung Chen: Department of Applied Economics, National Chung-Hsing University, Taichung, Taiwan
Wei-Min Wu: Department of Applied Economics, National Chung-Hsing University, Taichung, Taiwan

IJERPH, 2010, vol. 7, issue 12, 1-17

Abstract: The main purpose of this study was to investigate how climate change affects blood vessel-related heart disease and hypertension and to estimate the associated economic damage. In this paper, both the panel data model and the contingent valuation method (CVM) approaches are applied. The empirical results indicate that the number of death from cardiovascular diseases would be increased by 0.226% as the variation in temperature increases by 1%. More importantly, the number of death from cardiovascular diseases would be increased by 1.2% to 4.1% under alternative IPCC climate change scenarios. The results from the CVM approach show that each person would be willing to pay US$51 to US$97 per year in order to avoid the increase in the mortality rate of cardiovascular diseases caused by climate change.

Keywords: cardiovascular diseases; climate change; panel model; contingent valuation method (search for similar items in EconPapers)
JEL-codes: I I1 I3 Q Q5 (search for similar items in EconPapers)
Date: 2010
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