全球智库信息集成服务系统(G2TT): Climate Change Impacts and Market Driven Adaptation: the Costs of Inaction Including Market Rigidities

G2TT

来源类型	FEEM working papers "Note di lavoro" series
规范类型	论文
	Climate Change Impacts and Market Driven Adaptation: the Costs of Inaction Including Market Rigidities
	Francesco Bosello; Ramiro Parrado
发表日期	2014
出处	Climate Change and Sustainable Development
出版年	2014
语种	英语
摘要	This paper presents a first exercise comparing the cost of climate change stemming from integrated assessment models using reduced-form climate change damage functions with that performed by a CGE model. Furthermore, it investigates the role of market driven adaptation, which CGE models explicitly capture through their endogenous price setting mechanism, in determining these estimates. It is shown that world GDP losses computed by the CGE model are not significantly different from that used by some well-established hard-linked integrated assessment models when they consider the same impact categories. Specifically, the major driver of impacts is the modelling of catastrophic outcomes. Then, rigidities in market adjustments, differently said, in market-driven adaptation, are introduced. This is done restricting the elasticity of input substitution in the production function, the substitutability of domestic and imported inputs, and finally sectoral workforce mobility. We demonstrate that notwithstanding these frictions do increase the cost of climate change impacts they do not change substantively neither the qualitative nor the quantitative picture. *** Suggested citation: Bosello, F, R. Parrado, (2014), ' Climate Change Impacts and Market Driven Adaptation: the Costs of Inaction Including Market Rigidities', Nota di Lavoro 64.2014, Milan, Italy: Fondazione Eni Enrico Mattei.
特色分类	C68;Q54
关键词	Climate Change Costs Adaptation Computable General Equilibrium Models
URL	https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/climate-change-impacts-and-market-driven-adaptation-the-costs-of-inaction-including-market-rigidities/
来源智库	Fondazione Eni Enrico Mattei (Italy)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/118321
推荐引用方式 GB/T 7714	Francesco Bosello,Ramiro Parrado. Climate Change Impacts and Market Driven Adaptation: the Costs of Inaction Including Market Rigidities. 2014.

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2014951234441Nota_di（71KB）	智库出版物		限制开放	CC BY-NC-SA	浏览
20141031630564NDL201（720KB）	智库出版物		限制开放	CC BY-NC-SA	浏览