The Welfare Effects of Extreme Weather Events : Insights from Three APEC Case Studies
This report uses new measures of extreme weather and methodologies to gauge their welfare effects. A myriad of methodological issues and data constraints plague empirical work on the effects of extreme weather events on human welfare. The shocks th...
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| Format: | Other Environmental Study |
| Language: | English en_US |
| Published: |
Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2012/01/16336066/welfare-effects-extreme-weather-events-insights-three-apec-case-studies http://hdl.handle.net/10986/13039 |
| Summary: | This report uses new measures of extreme
weather and methodologies to gauge their welfare effects. A
myriad of methodological issues and data constraints plague
empirical work on the effects of extreme weather events on
human welfare. The shocks themselves are often poorly
measured and the lack of sufficiently long panel data or
historical data on past events often forces a focus on
effects in the short run. Economy wide effects of local
shocks are typically only explored within the context of
computable general equilibrium models which are very
structural in nature. Proper evaluation of public
interventions requires correction for the unobserved
characteristics of the areas which receive the programs. The
overall study was organized in four pillars: 1) fiscal
options to address climate change; 2) technological options
and role of trade and investment policies in fostering them;
3) capacity needs assessments; and 4) the human welfare
effects of extreme weather events. To enable more in depth
understanding of the methodologies used and the country
specific insights emerging, the background papers
underpinning each of the four pillars have been compiled in
separate reports. This report provides an in-depth review of
the empirical findings emanating from three country case
studies examining the welfare effects of extreme weather. It
concerns the occurrence of droughts in Indonesia, rainfall
and temperature volatility in Mexico and droughts, floods
and hurricanes in Vietnam. |
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