A dynamic general equilibrium analysis of adaptation to climate change in Ethiopia
Date
2012-08Language
enType
Journal ArticleAccessibility
Limited AccessMetadata
Show full item recordCitation
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
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
AGROVOC Keywords
Subjects
DATA AND TOOLS FOR ANALYSIS AND PLANNING;Countries
ETHIOPIACollections
- CCAFS Journal Articles [813]