A dynamic general equilibrium analysis of adaptation to climate change in Ethiopia
This study links a multisectoral, regionalized, dynamic, computable general equilibrium (CGE) model of Ethiopia with a system country-specific hydrology, crop, road, and hydropower engineering models to simulate the economic impacts of climate change scenarios from global circulation models (GCMs) t...
| Main Authors: | , , |
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| Format: | Journal Article |
| Language: | Inglés |
| Published: |
Wiley
2012
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10568/42063 |
| _version_ | 1855528283900215296 |
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| author | Robinson, Sherman Willenbockel, Dirk Strzepek, Kenneth M. |
| author_browse | Robinson, Sherman Strzepek, Kenneth M. Willenbockel, Dirk |
| author_facet | Robinson, Sherman Willenbockel, Dirk Strzepek, Kenneth M. |
| author_sort | Robinson, Sherman |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | This study links a multisectoral, regionalized, dynamic, computable general equilibrium (CGE) model of Ethiopia with a system country-specific hydrology, crop, road, and hydropower engineering models to simulate the economic impacts of climate change scenarios from global circulation models (GCMs) to 2050. In the absence of externally funded, policy-driven adaptation investments, Ethiopia's GDP in 2050 will be up to 10% below the counterfactual no climate change (historical climate) baseline. Suitably designed adaptation investments could restore aggregate welfare to baseline levels at a cost that is substantially lower than the welfare losses as a result of climate change. Such investments, even if funded from domestic resources, have benefits that greatly exceed their costs, and are largely consistent with Ethiopia's long-run development strategy. |
| format | Journal Article |
| id | CGSpace42063 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2012 |
| publishDateRange | 2012 |
| publishDateSort | 2012 |
| publisher | Wiley |
| publisherStr | Wiley |
| record_format | dspace |
| spelling | CGSpace420632025-07-30T18:21:28Z A dynamic general equilibrium analysis of adaptation to climate change in Ethiopia Robinson, Sherman Willenbockel, Dirk Strzepek, Kenneth M. agriculture climate equilibrium theory economy This study links a multisectoral, regionalized, dynamic, computable general equilibrium (CGE) model of Ethiopia with a system country-specific hydrology, crop, road, and hydropower engineering models to simulate the economic impacts of climate change scenarios from global circulation models (GCMs) to 2050. In the absence of externally funded, policy-driven adaptation investments, Ethiopia's GDP in 2050 will be up to 10% below the counterfactual no climate change (historical climate) baseline. Suitably designed adaptation investments could restore aggregate welfare to baseline levels at a cost that is substantially lower than the welfare losses as a result of climate change. Such investments, even if funded from domestic resources, have benefits that greatly exceed their costs, and are largely consistent with Ethiopia's long-run development strategy. 2012-08 2014-08-15T12:13:21Z 2014-08-15T12:13:21Z Journal Article https://hdl.handle.net/10568/42063 en Limited Access Wiley Robinson S, Willenbockel D, Strzepek K. 2012. A dynamic general equilibrium analysis of adaptation to climate change in Ethiopia. Review of Development Economics 16(3):489-502. |
| spellingShingle | agriculture climate equilibrium theory economy Robinson, Sherman Willenbockel, Dirk Strzepek, Kenneth M. A dynamic general equilibrium analysis of adaptation to climate change in Ethiopia |
| title | A dynamic general equilibrium analysis of adaptation to climate change in Ethiopia |
| title_full | A dynamic general equilibrium analysis of adaptation to climate change in Ethiopia |
| title_fullStr | A dynamic general equilibrium analysis of adaptation to climate change in Ethiopia |
| title_full_unstemmed | A dynamic general equilibrium analysis of adaptation to climate change in Ethiopia |
| title_short | A dynamic general equilibrium analysis of adaptation to climate change in Ethiopia |
| title_sort | dynamic general equilibrium analysis of adaptation to climate change in ethiopia |
| topic | agriculture climate equilibrium theory economy |
| url | https://hdl.handle.net/10568/42063 |
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