We evaluate the structural consequences of water availability scenarios in the Mediterranean, following a multidisciplinary approach and a sequential modelling methodology. This includes an assessment of future water availability and a general equilibrium macroeconomic analysis of changes in...

In this paper we illustrate the development of a modeling framework aimed at producing detailed quantitative estimates for economic variables, consistent with Shared Socio-economic Pathways, and their assumptions about national income and population. Our model not only provides information on...

Relatively small sectoral productivity shocks could lead to sizable macroeconomic variability. Whereas most contributions in the literature analyze the issue of aggregate sensitivity using simple general equilibrium models, a novel approach is proposed in this paper, based on stochastic...

The European project WASSERMed addresses issues of water availability and climate change in the Mediterranean. This paper illustrates the findings obtained in WASSERMed about impacts on tourism. The methodology is based on a bottom-up strategy. A micro-model has been developed, forecasting...

Climate change damage (or, more correctly, impact) functions relate variations in temperature (or other climate variables) to economic impacts in various dimensions, and are at the basis of quantitative modeling exercises for the assessment of climate change policies. This document provides a...

Virtual water trade refers to the implicit content of water in the production of goods and services. When trade is undertaken, there is an implicit exchange of water. Furthermore, when water gets scarce, water intensive goods become more expensive to produce and the economy compensates through...

This paper assesses the structural, joint implications of climate and land-use change on agriculture in the European Union, by means of a computable general equilibrium model of the world economy. The counterfactual simulations are conducted at the year 2050 under the second Shared Socioeconomic...

Hosting mega-events has long been regarded as an opportunity for economic growth, creating long-lasting benefits and attaining international recognition. Recently, both the scientific community and the public opinion at large have turned much more skeptical about the impact of mega-events. Why...