Evaluating the Economic Cost of Coastal Flooding
By Klaus Desmet, Robert E Kopp, S. Kulp, D. Nagy, M. Oppenheimer, Esteban Rossi-Hansberg, B. Strauss. American Economic Journal: Macroeconomics, 2018
147 citations recorded by the source corpus.
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)
Subfields: Economics and Econometrics, Management Science and Operations Research
View Paper: https://www.semanticscholar.org/paper/64b3072141b10b514cbd3f779f41c2a3727ee060
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Economics and Econometrics
- J. Álvarez
- Esteban Rossi-Hansberg
- Giovanni Peri
- Arnaud Costinot
- David J. Deming
- Stephen J. Redding
- Richard E. Baldwin
- Cecile Gaubert
In Management Science and Operations Research
Citations in the corpus
- The Economic Geography of Global Warming (2021, methodology): “Desmet et al. (2021) measures the spatial shifts in population and economic activity due to sea level rise, using a highly spatially disaggregated model, closer to ours.”