This paper compares the optimal dynamic choices between policies of mitigation and adaptation for three economies: Brazil, Chile and the United States. The focus is on the optimal role of mitigation and adaptation for “environmentally small economies,” i. e. , economies that are witnessing...

Catastrophes caused by natural disasters are by no means new, yet the evolving understanding of their relevance to economic development and growth is still in its infancy. In order to facilitate further necessary research on this topic, this paper summarizes the state of the economic literature...

The objective of this research agenda is to outline the issues that need to be investigated in order to produce an informed assessment of what strategies and policies Latin America and its international organizations should pursue with respect to climate change. This report makes the three...

This Working Paper assesses the impact on investment of a reduction in corporate taxes and the impact on employment, labor formality, and growth of a reduction in non-wage labor costs in Colombia. First, and following Hall and Jorgensen (1967), we estimate an investment function, which depends...

The Peruvian economy has exhibited remarkable growth in the past 20 years. Good tax and monetary policies, along with comprehensive structural adjustment, which has attracted substantial foreign investment, are regarded as the pillars of this success. Notwithstanding the advances experienced on...

Climate change is imposing a large burden on the most vulnerable populations, particularly in the developing world. Establishing consistent causal relationships, however, is difficult because a multiplicity of climatic, economic and sociodemographic elements are combined to create the conditions...

This book is a joint effort lead by the Inter-American Development Bank (IDB) in collaboration with the Economic Commission of Latin America and the Caribbean (ECLAC) and the World Wildlife Fund (WWF) focused on the climate and development challenge for LAC. It deals with a matter that is bound...

This report includes the proceedings of the Seminar on Climate Change and Severe Weather Events in the Caribbean and Asia, held in Barbados at the Grand Barbados Beach Resort on July 24-25, 2003. The seminar provided a forum in which experts from the Southeast Asian and Caribbean regions...

This document (Cancún COP-16) represents a coordinated effort among several institutions and organizations in the Latin America and the Caribbean region to present the results of a joint reflection on the issue of water-based adaptation to climate change as part of a Regional Policy Dialog...

This presentation discusses the cost of impacts of climate change on the Caribbean. The response of adaptation will need to be applied towards an integral strategy to build on disaster risk reduction best practices and climate risk management. The response of the IDB to the climate change needs...