Terms-of-Trade and the funding of adaptation to climate change and variability: an empirical analysis


Schenker, Oliver ; Stephan, Gunter


[img]
Preview
PDF
dp12056.pdf - Published

Download (456kB)

URL: https://ub-madoc.bib.uni-mannheim.de/32526
URN: urn:nbn:de:bsz:180-madoc-325264
Document Type: Working paper
Year of publication: 2012
The title of a journal, publication series: ZEW Discussion Papers
Volume: 12-056
Place of publication: Mannheim
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Classification: JEL: C68 , D58 , F18 , Q56 , Q54,
Subject headings (SWD): Klimaveränderung , wirtschaftliche Anpassung , Außenwirtschaft , Internationale Finanzierung , Nord-Süd-Beziehungen , Theorie
Keywords (English): Funding of adaptation , climate change , international trade , multi-regional dynamic CGE model
Abstract: This paper analyses the interplay between international trade, regional adaptation and North-to-South transfers for funding adaptation within the framework of a dynamic computable gen-eral equilibrium model, where impacts of climate change depend on changes in precipitation and temperature. If all regions, even the least developed ones, own the necessary resources for adapting optimally to climate change and variability, by mid-century less than 10% of the regions’ GDP would be invested for avoiding almost 40% of climate change damages. This has measurable effects on the regions’ competitiveness as well as on the terms-of-trade. If, however, the developing world does not own sufficient resources for adapting optimally to climate change, as is to expected, funding of adaptation can make sense from an economic perspective. In particular the Hicks-Kaldor criterion is fulfilled as aggregated welfare gains at least compensate the costs of providing financial assistance for adaptation.

Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




+ Citation Example and Export

Schenker, Oliver ; Stephan, Gunter (2012) Terms-of-Trade and the funding of adaptation to climate change and variability: an empirical analysis. Open Access ZEW Discussion Papers Mannheim 12-056 [Working paper]
[img]
Preview


+ Search Authors in

+ Download Statistics

Downloads per month over past year

View more statistics



You have found an error? Please let us know about your desired correction here: E-Mail


Actions (login required)

Show item Show item