Economy-Wide Estimates of the Implications of Climate Change: A Joint Analysis for Sea Level Rise and Tourism
Fondazione Eni Enrico Mattei (FEEM) & Centro Euro-Mediterraneo per i Cambiamenti Climatici
Fondazione Eni Enrico Mattei (FEEM); University of Milan - Department of Economics, Business and Statistics; Euro Mediterranean Centre for Climate Change (CMCC)
Ca Foscari University of Venice - Department of Economics; Bocconi University - IEFE Centre for Research on Energy and Environmental Economics and Policy; Euro Mediterranean Centre for Climate Change (CMCC)
Richard S. J. Tol
VU University Amsterdam - Institute for Environmental Studies (IVM); Carnegie Mellon University - Center for Integrated Study of the Human Dimensions of Global Change; University of Hamburg - Centre for Marine and Climate Research (ZMK); Princeton University
November 1, 2006
FEEM Working Paper No. 135.2006
CMCC Research Paper No. 5
Climate change impacts on human life have well defined and different origins, nevertheless in the determination of their final effects, especially those involving social-economic responses, interactions among impacts are likely to play an important role. This paper is one of the first attempts to disentangle and highlight the role of these interactions. It focuses on the economic assessment of two specific climate change impacts: sea-level rise and changes in tourism flows. By using a CGE model the two impacts categories are first analyzed separately and then jointly. Comparing the results it is shown that, even though qualitatively joint effects follow the outcomes of the disjoint exercises, quantitatively impact interaction do play a significant role. Moreover it has been also possible to disentangle the relative contribution of each single impact category to the final result. In the case under scrutiny demand shocks induced by changes in tourism flows outweigh the supply side shock induced by the loss of coastal land.
Number of Pages in PDF File: 32
Keywords: Climate Change, Sea Level Rise, Tourism, Computable General Equilibrium Models
JEL Classification: C68, D58, Q25working papers series
Date posted: November 14, 2006 ; Last revised: May 2, 2012
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