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GTAP Resource #6861

"Assessing macro-economic effects of climate impacts on labour productivity in EU sub-national regions"
by Standardi, Gabriele, Shouro Dasgupta, Ramiro Parrado and Francesco Bosello

In this work we assess the macro-economic effects of climate-induced impacts on labour productivity in the EU sub-national regions. For this purpose, we combine econometric estimates and temperature projections coming from Regional Climate Models with a regionalized version of a Computable General Equilibrium (CGE) model developed for Europe. Climate and socio-economic uncertainty is taken into account by including nine SSP-RCP scenario combinations. The results show that macro-economic losses can be substantial in Southern European regions, bigger than 1% of GDP in most of the scenarios by 2070. Moreover, negative economic effects propagate outside the directly impacted sectors and affect services as well. In some cases, regions belonging to the same country could be at the losing and winning end of climate change, which underlines the relevance of the sub-national detail. This is the case of the Italian regions.

Resource Details (Export Citation) GTAP Keywords
Category: 2023 Conference Paper
Status: Not published
By/In: Presented during the 26th Annual Conference on Global Economic Analysis (Bordeaux, France)
Date: 2023
Created: Standardi, G. (4/12/2023)
Updated: Standardi, G. (2/1/2024)
Visits: 909
- Climate impacts
- European Union

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  File format GTAP Resource 6861  (2.4 MB)   Replicated: 0 time(s)
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