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exposure. We discuss benchmarks for measuring adaptation progress at the firm, industry and macroeconomic level …
Persistent link: https://www.econbiz.de/10015056174
Mounting costs of anthropogenic climate change reveal that adaptation will be essential to human well-being in coming … decades. At the same time, the literature on the economics of adaptation offers relatively little guidance for emerging policy …. In this chapter, we review the existing literature, focusing on how it can better inform adaptation policy design and …
Persistent link: https://www.econbiz.de/10015171667
In an urbanizing world economy featuring thousands of cities, households and firms have strong incentives to make locational investments and self protection choices to reduce their exposure to new climate change induced risks. This pursuit of self interest reduces the costs imposed by climate...
Persistent link: https://www.econbiz.de/10012457950
Many behavioral responses to climate change are carbon-intensive, raising concerns that adaptation may cause additional … energy use on global average temperature over the 21st century. We find energy-based adaptation will lower global mean ….5) and avoid 1.8 (0.6) trillion USD ($2019) in damages. Energy-based adaptation lowers business-as-usual emissions for 85% of …
Persistent link: https://www.econbiz.de/10015326524
We re-examine the determinants of current account balances (CAB) and the saving-investment nexus with focus on emerging market and developing economies (EMDEs). We are in a new age in terms of facing not just economic challenges but also other non-economic challenges such as global climate...
Persistent link: https://www.econbiz.de/10015145057
This paper uses annual variation in temperature and precipitation over the past 50 years to examine the impact of climatic changes on economic activity throughout the world. We find three primary results. First, higher temperatures substantially reduce economic growth in poor countries but have...
Persistent link: https://www.econbiz.de/10012464514
This paper examines the impact of temperature changes on rural-urban migration using a 56km×56km grid cell level dataset covering the whole world at 10-year frequency during the period 1970-2000. We find that rising temperatures reduce rural-urban migration in poor countries and increase such...
Persistent link: https://www.econbiz.de/10012479679
Reductions in greenhouse gas emissions are a global public good, which makes it efficient to act globally when addressing this challenge. We lay out several reasons that high-income countries seeking to mitigate climate change might have greater impact if they invest their resources in...
Persistent link: https://www.econbiz.de/10014322808
This paper reformulates the New Keynesian model to incorporate output adjustments through the extensive margin. Shifting from adjustments through the intensive to the extensive employment margin, the model introduces predetermined output, altering key properties of the New Keynesian framework....
Persistent link: https://www.econbiz.de/10015194977
Many kinds of economic behavior appear to be governed by discrete and occasional individual choices. Despite this, econometric partial adjustment models perform relatively well at the aggregate level. Analyzing the classic employment adjustment problem, we show how discrete and occasional...
Persistent link: https://www.econbiz.de/10012468751