... potential economic benefits from new investments in regional coastal ocean observing systems in US waters range from $500 million to $1 billion per year, estimated largely in terms of increased economic ... Forecasting: The Potential Economic Benefits, NOAA, Office of Policy and Strategic Planning, 1999. p. 47. Website: http://ioc.unesco.org/goos/el_nino.pdf. notes Economic Statistics for ... Administration, NOAA Oceans and Coasts, Special Projects Office. Website: http://marineeconomics.noaa.gov. In 1995-96, economic impacts of coastal recreation in Monroe County, home to the Florida...
... www.earthscanjournals.comClimatechangeasenvironmentalandeconomichazardGuestEditor: Boris PorfirievClimate change as environmentaland economic hazardGuest Editor Boris Porfiriev Russian Academy of SciencesClimate change as environmentaland economic ... impact on the environmentEconomics/EnvironmentClimate change: A hazard or an opportunity?Boris Porfiriev*Guest Editor, Risk and Crisis Research Center at the Institute of Economics, Russian Academy ... the reduction ofhuman impact on climate. At least, within the frameworkof economic theory, mainstream or neoclassic economicswould regard this value as complying much more withventure – or...
... to elucidate what this means, andmore importantly, how it might be implemented.5.1. Risk and economic resilienceIn a world where climate variability, extremehazard events, robust ecosystem ... financial assets in countriesand communities becomes an imperative toensure resilient societies. Economic and/or finan-cial vulnerability can be reduced through avariety of mechanisms in terms ... these concepts mutually exclu-sive. Below, we highlight how two of theseapproaches can strengthen economic resiliencethrough iterative risk management.ISDR (2009) recently released a report entitledRisk...
... clearly distinguishempirical from non-empirical justifications for judgements of risk.Keywords: economic damage; hurricanes; insurance; prediction; uncertainty1. IntroductionThe answer to the ... 2008. Does risingincome increase or decrease damage risk fromnatural disasters? Journal of Urban Economics, 63(3).788– 802.Klein, R. J. T. and Tol, R. J. S., 1997. Adaptation toclimate change: ... Ecology andEvolution, 17(1). 40–44.Common, M., 1995. Economists don’t read Science.Ecological Economics, 15(2). 101–103.Dietz, T., Ostrom, E. and Stern, P., 2003. The struggleto govern the...
... hurricane landfall record. Those studieswill be referenced here, but not replicated.The data on the economic losses from US land-falling hurricanes comes from Pielke et al. (2008),which sought to...
... KENNEDY2AND JIM SKEA31Grantham Research Institute and Centre for Climate Change Economics and Policy, London School of Economics,Houghton Street, London WC2A 2AE2Committee on Climate Change, Manning ... acceler-ated growth in concentrations – even if it slowstemporarily as a result of the current economic crisis – means measures to reduce emissionshave to be brought forward.In devising its ... greenhouse gas emissionstrajectory, and the different points of view arebacked up by a variety of economic, ethical andenvironmental arguments. The Intergovernmen-tal Panel on Climate Change (IPCC),...
... disas-ter risk management.2. Future natural disaster risk under climateand socio -economic change2.1. Impact of socio -economic developmentson natural catastrophe damageHuman-induced developments ... eventon human societies, for example, in terms ofloss of lives or economic costs (Bocˇkarjova,2007). A certain threshold of economic damageor loss of life generally needs to be exceededbefore ... abilities of societies to prepare for andmanage the economic disruption caused by thedisaster, which depend on the countries’ level of economic development (Rose, 2003). A majorpart of the...
... illustration, Aerts et al. (2008a) have esti-mated the independent influence of climatechange and socio -economic developments onflood risk, defined as probability*damage,intheNetherlands until the year ... Figure 2). Furthermore, changes inurban development were assessed using twoscenarios, namely low economic growth (RC) andhigh growth (GE) and corresponding changes inthe ‘portfolio of properties ... moderate rise in sea level of60 cm results in a similar increase in potentialdamage as a high economic growth scenario.Climatechangeeffectsonlydominateforveryhigh increases in sea level. These...
... 95–111.Kahneman, D., 2003. Maps of bounded rationality: psy-chology for behavioral economics. The American Economic Review, 93(5). 1449–1475.Kahneman, D. and Tversky, A., 1979. Prospect theory:an ... typology of economic disruptions.50th Annual North American Meetings of the RegionalScience Association International. Philadelphia, PA.Rose, A., 2004a. Defining and measuring economic resi-lience ... Manage-ment,13(4).307–314.Rose, A., 2004b. Economic principles, issues, andresearch priorities in hazard loss estimation. Model-ling Spatial and Economic Impacts of Disasters,Y.Okuyama and...
... Information", American Economic Review, 71(3), pp. 393-410. Studart, R. (1995), Investment Finance in Economic Development, London: Routledge. Taylor, L. (1983), Structuralist Macroeconomics: Applicable ... University Press. Singh, A. (1997), "Stock Markets, Financial Liberalisation and Economic Development", Economic Journal, 107(442), 771-782. Stiglitz, J.E. (1998), "The Role of ... World Bank Annual Conference on Development Economics, Washington, D.C.: World Bank, 19-52. Stiglitz, J.E. (2000), “Capital Market Liberalization, Economic Growth and Instability”, World Development,...
... commodity taxation/ Ramsey taxation 3.1. The theory of optimal commodity taxation as a theory of public sector pricing 3.2. Renegotiation-proofness as a theoretical foundation of linear tax systems ... of an optimal commodity tax system 3.3 Application: Theory of optimal capital taxation 4. The relation between optimal income taxation and optimal commodity taxation 4.1 The critique ... 7.1 Pigouvian taxes 7.2 Pigouvian taxes versus quantity controls 8. Public Finance in Models of Economic Growth 8.1. Public Debt and Ricardian Equivalence Public Economic Theory...