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...

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...

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 presents and discusses some quantitative results obtained in assessing the economic impact of variations in tourism flows, induced by climate change, for some Mediterranean countries. Estimates by a regional climate model are used to build a Tourism Climate Index, which indicates the...

This paper deals with the construction, decomposition and comparison of water footprint time series in 40 countries and one aggregate macro-region, in the period 1995–2009. The analysis of the different “footpaths” allows us to investigate the possible causes behind the time evolution of...

In this article, the virtual water exchange between Mediterranean countries is considered, reference being to the implicit water content of traded goods. Virtual water flows associated with trade in agricultural goods are estimated. Subsequently, a general equilibrium economic model is used to...

This paper presents and discusses some quantitative results obtained in assessing the economic impact of variations in tourism flows, induced by climate change, for some Mediterranean countries. Estimates by a regional climate model are used to build a Tourism Climate Index, which indicates the...

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...

This paper deals with the construction, decomposition and comparison of water footprint time series in 40 countries and one aggregate macro-region, in the period 1995-2009. The analysis of the different “footpaths” allows us to investigate on the possible causes behind the time evolution of...

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...