The Macroeconomic Impact of Future Water Scarcity
In this paper we consider some of the economic implications of climate change scenarios as described in the Shared Socioeconomic Pathways (SSPs). By comparing potential water demand with estimates of (sustainable) water availability in different regions, we identify regions that are likely to be constrained in their future economic growth potential by the scarcity of water resources. We assess the macroeconomic impact of water scarcity under alternative allocation rules finding that, by assigning more water to sectors in which it has a higher value, shifting production to less water intensive sectors, and importing more water intensive goods, constrained regions can effectively neutralize these water related climate risks and adapt to a changing water environment. However, this adaptation effort is likely to imply some radical changes in water management policies.
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Elsevier
2017-11
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| Subjects: | WATER, ECONOMIC GROWTH, COMPUTABLE GENERAL EQUILIBRIUM, CGE MODEL, VIRTUAL WATER TRADE, CLIMATE CHANGE, |
| Online Access: | http://hdl.handle.net/10986/29299 |
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dig-okr-10986292992023-04-03T09:21:24Z The Macroeconomic Impact of Future Water Scarcity An Assessment of Alternative Scenarios Roson, Roberto Damania, Richard WATER ECONOMIC GROWTH COMPUTABLE GENERAL EQUILIBRIUM CGE MODEL VIRTUAL WATER TRADE CLIMATE CHANGE In this paper we consider some of the economic implications of climate change scenarios as described in the Shared Socioeconomic Pathways (SSPs). By comparing potential water demand with estimates of (sustainable) water availability in different regions, we identify regions that are likely to be constrained in their future economic growth potential by the scarcity of water resources. We assess the macroeconomic impact of water scarcity under alternative allocation rules finding that, by assigning more water to sectors in which it has a higher value, shifting production to less water intensive sectors, and importing more water intensive goods, constrained regions can effectively neutralize these water related climate risks and adapt to a changing water environment. However, this adaptation effort is likely to imply some radical changes in water management policies. 2018-02-01T20:05:33Z 2018-02-01T20:05:33Z 2017-11 Journal Article Article de journal Artículo de revista Journal of Policy Modeling 0161-8938 http://hdl.handle.net/10986/29299 CC BY-NC-ND 3.0 IGO World Bank http://creativecommons.org/licenses/by-nc-nd/3.0/igo application/pdf Elsevier |
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| topic |
WATER ECONOMIC GROWTH COMPUTABLE GENERAL EQUILIBRIUM CGE MODEL VIRTUAL WATER TRADE CLIMATE CHANGE WATER ECONOMIC GROWTH COMPUTABLE GENERAL EQUILIBRIUM CGE MODEL VIRTUAL WATER TRADE CLIMATE CHANGE |
| spellingShingle |
WATER ECONOMIC GROWTH COMPUTABLE GENERAL EQUILIBRIUM CGE MODEL VIRTUAL WATER TRADE CLIMATE CHANGE WATER ECONOMIC GROWTH COMPUTABLE GENERAL EQUILIBRIUM CGE MODEL VIRTUAL WATER TRADE CLIMATE CHANGE Roson, Roberto Damania, Richard The Macroeconomic Impact of Future Water Scarcity |
| description |
In this paper we consider some of the economic implications of climate change scenarios as described in the Shared Socioeconomic Pathways (SSPs). By comparing potential water demand with estimates of (sustainable) water availability in different regions, we identify regions that are likely to be constrained in their future economic growth potential by the scarcity of water resources. We assess the macroeconomic impact of water scarcity under alternative allocation rules finding that, by assigning more water to sectors in which it has a higher value, shifting production to less water intensive sectors, and importing more water intensive goods, constrained regions can effectively neutralize these water related climate risks and adapt to a changing water environment. However, this adaptation effort is likely to imply some radical changes in water management policies. |
| format |
Journal Article |
| topic_facet |
WATER ECONOMIC GROWTH COMPUTABLE GENERAL EQUILIBRIUM CGE MODEL VIRTUAL WATER TRADE CLIMATE CHANGE |
| author |
Roson, Roberto Damania, Richard |
| author_facet |
Roson, Roberto Damania, Richard |
| author_sort |
Roson, Roberto |
| title |
The Macroeconomic Impact of Future Water Scarcity |
| title_short |
The Macroeconomic Impact of Future Water Scarcity |
| title_full |
The Macroeconomic Impact of Future Water Scarcity |
| title_fullStr |
The Macroeconomic Impact of Future Water Scarcity |
| title_full_unstemmed |
The Macroeconomic Impact of Future Water Scarcity |
| title_sort |
macroeconomic impact of future water scarcity |
| publisher |
Elsevier |
| publishDate |
2017-11 |
| url |
http://hdl.handle.net/10986/29299 |
| work_keys_str_mv |
AT rosonroberto themacroeconomicimpactoffuturewaterscarcity AT damaniarichard themacroeconomicimpactoffuturewaterscarcity AT rosonroberto anassessmentofalternativescenarios AT damaniarichard anassessmentofalternativescenarios AT rosonroberto macroeconomicimpactoffuturewaterscarcity AT damaniarichard macroeconomicimpactoffuturewaterscarcity |
| _version_ |
1767604055844061184 |