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    A dynamic general equilibrium analysis of adaptation to climate change in Ethiopia

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    Authors
    Robinson, Sherman
    Willenbockel, Dirk
    Strzepek, K.M.
    Date
    2012-08
    Language
    en
    Type
    Journal Article
    Accessibility
    Limited Access
    Metadata
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    Citation
    Robinson S, Willenbockel D, Strzepek K. 2012. A dynamic general equilibrium analysis of adaptation to climate change in Ethiopia. Review of Development Economics 16(3):489-502.
    Permanent link to cite or share this item: http://hdl.handle.net/10568/42063
    DOI: https://dx.doi.org/10.1111/j.1467-9361.2012.00676.x
    Abstract/Description
    This study links a multisectoral, regionalized, dynamic, computable general equilibrium (CGE) model of Ethiopia with a system country-specific hydrology, crop, road, and hydropower engineering models to simulate the economic impacts of climate change scenarios from global circulation models (GCMs) to 2050. In the absence of externally funded, policy-driven adaptation investments, Ethiopia's GDP in 2050 will be up to 10% below the counterfactual no climate change (historical climate) baseline. Suitably designed adaptation investments could restore aggregate welfare to baseline levels at a cost that is substantially lower than the welfare losses as a result of climate change. Such investments, even if funded from domestic resources, have benefits that greatly exceed their costs, and are largely consistent with Ethiopia's long-run development strategy.
    CGIAR Affiliations
    Climate Change, Agriculture and Food Security
    AGROVOC Keywords
    AGRICULTURE; CLIMATE; EQUILIBRIUM THEORY; ECONOMY
    Subjects
    DATA AND TOOLS FOR ANALYSIS AND PLANNING;
    Countries
    ETHIOPIA
    Regions
    AFRICA; EAST AFRICA
    Collections
    • CCAFS Journal Articles [813]

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