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Climate Change and Extreme Events: an Assessment of Economic Implications
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In this paper, the authors use a general equilibrium model of the world economy and a regional economic growth model to assess the economic implications of vulnerability from extreme meteorological events, induced by the climate change.Abstract:
We use a general equilibrium model of the world economy, and a regional economic growth model, to assess the economic implications of vulnerability from extreme meteorological events, induced by the climate change. In particular, we first consider the impact of climate change on ENSO and NAO oceanic oscillations and, subsequently, the implied variation on regional expected damages. We found that expected damages from extreme events are increasing in the United States, Europe and Russia, and Russia, and decreasing in energy exporting countries. Two economic implications are taken into account: (1) short-term impacts, due to changes in the demand structure, generated by higher/lower precautionary saving, and (2) variations in regional economic growth paths. We found that indirect short-term effects (variations in savings due to higher or lower likelihood of natural disasters) can have an impact on regional economics, whose order of magnitude is comparable to the one of direct damages. On the other hand, we highlight that higher vulnerability from extreme events translates into higher volatility in the economic growth path, and vice versa.read more
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The Impact of Temperature Change on Energy Demand: A Dynamic Panel Analysis
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Determinants of flood risk mitigation strategies at household level: a case of Khyber Pakhtunkhwa (KP) province, Pakistan
TL;DR: In this paper, the authors used a dataset of 600 households collected through face-to-face interviews from two districts of Khyber Pakhtunkhwa province that were severely affected from 2010 floods.
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Flood hazards and factors influencing household flood perception and mitigation strategies in Pakistan.
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TL;DR: Empirical estimates indicated the study area households major adaptation measures were foundation strengthen, elevated ground floor, precautionary saving, and construction of the house with reinforced material, while age, gender, location, and family size were major factors influencing mitigation strategies of households’ level.
Literature review on climate change impacts on urban city centres: initial findings
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TL;DR: In this article, the authors present a summary of the work of the authors of this paper: http://www.theguardian.com/blogs/blogs-and-blogs.
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Is climate change hindering economic growth of Asian economies
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References
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The mathematical theory of saving
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The Definition of El Niño.
TL;DR: In this paper, a review of the meaning of the term "El Nino" and how it has changed in time is given, and it is suggested that an El Nino can be said to occur if 5-month running mean of sea surface temperature (SST) anomalies in the Nino 3.4 region (5°N-5°S, 120°-170°W) exceed 0.4°C for 6 months or more.
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