Evaluating the economic cost of coastal flooding

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• dc.contributor.author Desmet, Klaus
• dc.contributor.author Kopp, Robert E.
• dc.contributor.author Kulp, Scott A.
• dc.contributor.author Nagy, David Krisztián
• dc.contributor.author Oppenheimer, Michael
• dc.contributor.author Rossi-Hansberg, Esteban
• dc.contributor.author Strauss, Benjamin H.
• dc.date.accessioned 2021-04-06T11:08:59Z
• dc.date.available 2021-04-06T11:08:59Z
• dc.date.issued 2021
• dc.description.abstract Sea level rise will cause spatial shifts in economic activity over the next 200 years. Using a spatially disaggregated, dynamic model of the world economy, this paper estimates the consequences of probabilistic projections of local sea level changes. Under an intermediate scenario of greenhouse gas emissions, permanent flooding is projected to reduce global real GDP by 0.19 percent in present value terms. By the year 2200, a projected 1.46 percent of the population will be displaced. Losses in coastal localities are much larger. When ignoring the dynamic response of investment and migration, the loss in real GDP in 2200 increases from 0.11 percent to 4.5 percent. (JEL E23, F01, Q54, Q56)en
• dc.description.sponsorship Desmet and Rossi- Hansberg acknowledge the support and hospitality of PERC while doing part of this research. Kopp, Kulp, and Strauss were supported in part by US National Science Foundation grant ICER- 1663807 and by National Aeronautics and Space Administration grant 80NSSC17K0698. Nagy acknowledges financial support from the Spanish Ministry of Economy and Competitiveness, through the Severo Ochoa Program for Centers of Excellence in R&D (SEV- 2015-0563) and the Juan de la Cierva Grant (FJCI- 2017- 34728); and from the Government of Catalonia, through CERCA and SGR Program (2017-SGR-1393). Oppenheimer acknowledges support from US National Science Foundation Award Number 1520683.
• dc.format.mimetype application/pdf
• dc.identifier.citation Desmet K, Kopp RE, Kulp SA, Nagy DK, Oppenheimer M, Rossi-Hansberg E, Strauss BH. Evaluating the economic cost of coastal flooding. American Economic Journal: macroeconomics. 202;13(2):444–86. DOI: 10.1257/mac.20180366
• dc.identifier.doi http://dx.doi.org/10.1257/mac.20180366
• dc.identifier.issn 1945-7707
• dc.identifier.uri http://hdl.handle.net/10230/47022
• dc.language.iso eng
• dc.publisher American Economic Association
• dc.relation.ispartof American Economic Journal: macroeconomics. 202;13(2):444–86.
• dc.rights © American Economic Association. Can be found at https://doi.org/10.1257/mac.20180366
• dc.rights.accessRights info:eu-repo/semantics/openAccess
• dc.subject.keyword Quantitative economic geographyen
• dc.subject.keyword Economic growth and developmenten
• dc.subject.keyword Climate changeen
• dc.subject.keyword Macroeconomics and International Economicsen
• dc.title Evaluating the economic cost of coastal floodingen
• dc.type info:eu-repo/semantics/article
• dc.type.version info:eu-repo/semantics/publishedVersion