The economic costs of extreme weather events: A hydro-meteorological CGE analysis for Malawi
Extreme weather events such as droughts and floods have potentially damaging implications for developing countries. Previous studies have estimated economic losses during hypothetical or single historical events, and have relied on historical production data rather than explicitly modeling climate....
| Autores principales: | , , , |
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| Formato: | Journal Article |
| Lenguaje: | Inglés |
| Publicado: |
Cambridge University Press
2011
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| Acceso en línea: | https://hdl.handle.net/10568/154985 |
| _version_ | 1855533423067660288 |
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| author | Pauw, Karl Thurlow, James Bachu, Murthy van Seventer, Dirk |
| author_browse | Bachu, Murthy Pauw, Karl Thurlow, James van Seventer, Dirk |
| author_facet | Pauw, Karl Thurlow, James Bachu, Murthy van Seventer, Dirk |
| author_sort | Pauw, Karl |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | Extreme weather events such as droughts and floods have potentially damaging implications for developing countries. Previous studies have estimated economic losses during hypothetical or single historical events, and have relied on historical production data rather than explicitly modeling climate. However, effective mitigation strategies require knowledge of the full distribution of weather events and their isolated effects on economic outcomes. We combine stochastic hydrometeorological crop-loss models with a regionalized computable general equilibrium model to estimate losses for the full distribution of possible weather events in Malawi. Results indicate that, based on repeated sampling from historical events, at least 1.7 per cent of Malawi's gross domestic product (GDP) is lost each year due to the combined effects of droughts and floods. Smaller-scale farmers in the southern region of the country are worst affected. However, poverty among urban and nonfarm households also increases due to national food shortages and higher domestic prices. |
| format | Journal Article |
| id | CGSpace154985 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2011 |
| publishDateRange | 2011 |
| publishDateSort | 2011 |
| publisher | Cambridge University Press |
| publisherStr | Cambridge University Press |
| record_format | dspace |
| spelling | CGSpace1549852024-11-15T08:52:49Z The economic costs of extreme weather events: A hydro-meteorological CGE analysis for Malawi Pauw, Karl Thurlow, James Bachu, Murthy van Seventer, Dirk costs weather weather data mathematical models computable general equilibrium models Extreme weather events such as droughts and floods have potentially damaging implications for developing countries. Previous studies have estimated economic losses during hypothetical or single historical events, and have relied on historical production data rather than explicitly modeling climate. However, effective mitigation strategies require knowledge of the full distribution of weather events and their isolated effects on economic outcomes. We combine stochastic hydrometeorological crop-loss models with a regionalized computable general equilibrium model to estimate losses for the full distribution of possible weather events in Malawi. Results indicate that, based on repeated sampling from historical events, at least 1.7 per cent of Malawi's gross domestic product (GDP) is lost each year due to the combined effects of droughts and floods. Smaller-scale farmers in the southern region of the country are worst affected. However, poverty among urban and nonfarm households also increases due to national food shortages and higher domestic prices. 2011-04 2024-10-01T14:05:21Z 2024-10-01T14:05:21Z Journal Article https://hdl.handle.net/10568/154985 en Limited Access Cambridge University Press Pauw, Karl; Thurlow, James; Bachu, Murthy; van Seventer, Dirk. 2010. The economic costs of extreme weather events: A hydro-meteorological CGE analysis for Malawi. Environment and Development Economics 16: 177-198. https://doi.org/10.1017/S1355770X10000471 |
| spellingShingle | costs weather weather data mathematical models computable general equilibrium models Pauw, Karl Thurlow, James Bachu, Murthy van Seventer, Dirk The economic costs of extreme weather events: A hydro-meteorological CGE analysis for Malawi |
| title | The economic costs of extreme weather events: A hydro-meteorological CGE analysis for Malawi |
| title_full | The economic costs of extreme weather events: A hydro-meteorological CGE analysis for Malawi |
| title_fullStr | The economic costs of extreme weather events: A hydro-meteorological CGE analysis for Malawi |
| title_full_unstemmed | The economic costs of extreme weather events: A hydro-meteorological CGE analysis for Malawi |
| title_short | The economic costs of extreme weather events: A hydro-meteorological CGE analysis for Malawi |
| title_sort | economic costs of extreme weather events a hydro meteorological cge analysis for malawi |
| topic | costs weather weather data mathematical models computable general equilibrium models |
| url | https://hdl.handle.net/10568/154985 |
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