Economic impact of climate change: simulations with a regionalized climate-economy model
Kurt Georg Hooss,
Gernot Klepper and
No 1065, Kiel Working Papers from Kiel Institute for the World Economy (IfW)
Climate change affects the physical and biological system in many regions of the world. The extent to which human systems will suffer economically from climate change depends on the adaptive capabilities within a region as well as across regions. We use an economic General-Equilibrium model and an Ocean-Atmosphere model in a regionally and sectorally disaggregated framework to analyze adaptation to climate change in different regions of the world. It turns out that vulnerability to climate impacts differs significantly across regions and that the overall adjustment of the economic system quite reduces the direct climate impacts.
Keywords: computable general equilibrium model; integrated assessment framework; impact modelling; ocean-atmosphere model; climate change (search for similar items in EconPapers)
JEL-codes: D58 O13 O41 Q17 Q24 R53 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwkwp:1065
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