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240607 ||| eng |
| 020 |
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|a 9798400254147
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| 100 |
1 |
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|a Lepore, Caterina
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| 245 |
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0 |
|a Global Economic Impacts of Physical Climate Risks
|c Caterina Lepore, Roshen Fernando
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2023
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| 300 |
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|a 125 pages
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| 653 |
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|a Economics
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| 653 |
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|a Agribusiness
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| 653 |
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|a Environmental Economics
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| 653 |
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|a Natural Disasters
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| 653 |
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|a Climate
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| 653 |
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|a Production
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| 653 |
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|a Industrial productivity
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| 653 |
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|a Open Economy Macroeconomics
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| 653 |
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|a Climate change
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| 653 |
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|a Agriculture: General
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| 653 |
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|a Quantitative Policy Modeling
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| 653 |
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|a Agricultural industries
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| 653 |
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|a Model Construction and Estimation
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| 653 |
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|a Economics of specific sectors
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| 653 |
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|a Macroeconomics: Production
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| 653 |
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|a Currency crises
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| 653 |
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|a Global Warming
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| 653 |
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|a Forecasting and Other Model Applications
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| 653 |
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|a Agricultural sector
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Agricultural economics
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| 653 |
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|a Climatic changes
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| 653 |
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|a Economic & financial crises & disasters
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| 653 |
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|a Natural Disasters and Their Management
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| 653 |
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|a Productivity
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| 653 |
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|a Environment
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| 653 |
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|a Mathematical Methods and Programming: General
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| 653 |
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|a History of Thought: Individuals: General
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| 653 |
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|a Large Data Sets: Modeling and Analysis
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| 653 |
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|a Economics: General
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| 653 |
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|a Informal sector
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| 653 |
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|a Economic sectors
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| 653 |
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|a Natural disasters
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| 653 |
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|a Valuation of Environmental Effects
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| 653 |
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|a Production and Operations Management
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| 700 |
1 |
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|a Fernando, Roshen
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| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a IMF Working Papers
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| 028 |
5 |
0 |
|a 10.5089/9798400254147.001
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| 856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/001/2023/183/001.2023.issue-183-en.xml?cid=538947-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
0 |
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|a 330
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| 520 |
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|a This paper evaluates the global economic consequences of physical climate risks under two Shared Socioeconomic Pathways (SSP 1-2.6 and SSP 2-4.5) using firm-level evidence. Firstly, we estimate the historical sectoral productivity changes from chronic climate risks (gradual changes in temperature and precipitation) and extreme climate conditions (representative of heatwaves, coldwaves, droughts, and floods). Secondly, we produce forward-looking sectoral productivity changes for a global multisectoral sample of firms. For floods, these estimates account for the persistent productivity changes from the damage to firms’ physical capital. Thirdly, we assess the macroeconomic impact of these shocks within the global, multisectoral, intertemporal general equilibrium model: G-Cubed. The results indicate that, in the absence of additional adaptation relative to that already achieved by 2020, all the economies would experience substantial losses under the two climate scenarios and the losses would increase with global warming. The results can be useful for policymakers and practitioners interested in conducting climate risk analysis
|