IDEAS home Printed from https://ideas.repec.org/a/spr/climat/v117y2013i3p575-584.html
   My bibliography  Save this article

Estimating economic effects of changes in climate and water availability

Author

Listed:
  • Brian Hurd
  • Mani Rouhi-Rad

Abstract

Social, economic, and environmental systems can be vulnerable to disruptions in water supplies that are likely to accompany future climate changes. Coupled with the challenges of tightening environmental regulations, population growth, economic development and fiscal constraints water supply systems are being pushed beyond the limits of their design and capacity for maintenance. In this paper we briefly review key economic concepts, various economic measures and metrics, and methods to estimate the economic effects on water resources from water supply changes that could accompany climate change. We survey some of the recent empirical literature that focuses on estimates developed for U.S. watersheds at both national and regional scales. Reported estimates of potential damage and loss associated with climate and water supply changes that we observe are significant, though often the metrics vary and make valid and consistent direct cross-comparisons difficult. Whether in terms of changes in GDP or in terms of estimated changes in economic welfare based on associated changes in economic costs and benefits, both national and regional estimates suggest that governments and organizations incorporate prudent steps to assess vulnerabilities to plausible future water supply and demand scenarios and develop responsive adaptation strategies. Copyright Springer Science+Business Media Dordrecht 2013

Suggested Citation

  • Brian Hurd & Mani Rouhi-Rad, 2013. "Estimating economic effects of changes in climate and water availability," Climatic Change, Springer, vol. 117(3), pages 575-584, April.
    • Handle: RePEc:spr:climat:v:117:y:2013:i:3:p:575-584
    DOI: 10.1007/s10584-012-0636-9
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1007/s10584-012-0636-9
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1007/s10584-012-0636-9?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. William R. Cline, 1992. "Economics of Global Warming, The," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 39, April.
    2. Mendelsohn, Robert & Nordhaus, William D & Shaw, Daigee, 1994. "The Impact of Global Warming on Agriculture: A Ricardian Analysis," American Economic Review, American Economic Association, vol. 84(4), pages 753-771, September.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Rouhi Rad, Mani & Haacker, Erin M.K. & Sharda, Vaishali & Nozari, Soheil & Xiang, Zaichen & Araya, A. & Uddameri, Venkatesh & Suter, Jordan F. & Gowda, Prasanna, 2020. "MOD$$AT: A hydro-economic modeling framework for aquifer management in irrigated agricultural regions," Agricultural Water Management, Elsevier, vol. 238(C).
    2. Rising, James A. & Taylor, Charlotte & Ives, Matthew C. & Ward, Robert E.T., 2022. "Challenges and innovations in the economic evaluation of the risks of climate change," Ecological Economics, Elsevier, vol. 197(C).
    3. Rising, James A. & Taylor, Charlotte & Ives, Matthew C. & Ward, Robert E.t., 2022. "Challenges and innovations in the economic evaluation of the risks of climate change," LSE Research Online Documents on Economics 114941, London School of Economics and Political Science, LSE Library.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Sohngen, Brent & Sedjo, Roger A. & Mendelsohn, Robert & Lyon, Kenneth S., 1996. "Analyzing the Economic Impact of Climate Change on Global Timber Markets," Discussion Papers 10462, Resources for the Future.
    2. Roger Fouquet, 2012. "Economics of Energy and Climate Change: Origins, Developments and Growth," Working Papers 2012-08, BC3.
    3. repec:wvu:wpaper:09-04 is not listed on IDEAS
    4. Mark Kanazawa & Mark T. Kanazawa, 2016. "Local consequences of climate change: State park visitations on the North Shore of Minnesota," Working Papers 2016-03, Carleton College, Department of Economics.
    5. Michelle J. Reinsborough, 2003. "A Ricardian model of climate change in Canada," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 36(1), pages 21-40, March.
    6. Auffhammer, Maximilian, 2022. "Climate Adaptive Response Estimation: Short and long run impacts of climate change on residential electricity and natural gas consumption," Journal of Environmental Economics and Management, Elsevier, vol. 114(C).
    7. Mohr, Ernst, 1995. "Greenhouse policy persuasion: towards a positive theory of discounting the climate future," Ecological Economics, Elsevier, vol. 15(3), pages 235-245, December.
    8. Hassler, J. & Krusell, P. & Smith, A.A., 2016. "Environmental Macroeconomics," Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 1893-2008, Elsevier.
    9. Hall, Darwin C., 1997. "Impacts of Global Warming on Agriculture," 1997 Conference, August 10-16, 1997, Sacramento, California 197040, International Association of Agricultural Economists.
    10. Wolfram Schlenker & W. Michael Hanemann & Anthony C. Fisher, 2006. "The Impact of Global Warming on U.S. Agriculture: An Econometric Analysis of Optimal Growing Conditions," The Review of Economics and Statistics, MIT Press, vol. 88(1), pages 113-125, February.
    11. Fisher, Anthony, 2014. "Climate Science and Climate Economics," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt746627gz, Department of Agricultural & Resource Economics, UC Berkeley.
    12. repec:ebl:ecbull:v:30:y:2010:i:1:p:130-138 is not listed on IDEAS
    13. Schlenker, Wolfram & Hanemann, W. Michael & Fisher, Anthony C., 2004. "Determinants of Agricultural Output: Degree Days, Yields and Implications for Climate Change," 2005 Annual meeting, July 24-27, Providence, RI 19222, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    14. Guenter Lang, 1999. "Global Warming and German Agriculture," Discussion Paper Series 185, Universitaet Augsburg, Institute for Economics.
    15. Quiggin, John, 2005. "Counting the cost of climate change at an agricultural level," Risk and Sustainable Management Group Working Papers 152085, University of Queensland, School of Economics.
    16. Gardner M. Brown, 2000. "Renewable Natural Resource Management and Use without Markets," Journal of Economic Literature, American Economic Association, vol. 38(4), pages 875-914, December.
    17. Fisher, A. C & Le, P. V, 2014. "Climate Policy: Science, Economics, and Extremes," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt6tj3j4jb, Department of Agricultural & Resource Economics, UC Berkeley.
    18. Acharjee, Ashis & Chakraborti, Prasun, 2024. "Study and development of a logical model for an ORC based district heating renewable energy system considering discrete analysis," Energy, Elsevier, vol. 298(C).
    19. Seo, S. Niggol & Mendelsohn, Robert, 2008. "An analysis of crop choice: Adapting to climate change in South American farms," Ecological Economics, Elsevier, vol. 67(1), pages 109-116, August.
    20. Ariste, Ruolz & Lasserre, Pierre, 2001. "La gestion optimale d’une forêt exploitée pour son potentiel de diminution des gaz à effet de serre et son bois," L'Actualité Economique, Société Canadienne de Science Economique, vol. 77(1), pages 27-51, mars.
    21. Taraz, Vis, 2018. "Can farmers adapt to higher temperatures? Evidence from India," World Development, Elsevier, vol. 112(C), pages 205-219.
    22. Balvers, Ronald & Du, Ding & Zhao, Xiaobing, 2012. "The Adverse Impact of Gradual Temperature Change on Capital Investment," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 124676, Agricultural and Applied Economics Association.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:climat:v:117:y:2013:i:3:p:575-584. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.