IDEAS home Printed from https://ideas.repec.org/p/ris/adbewp/0507.html
   My bibliography  Save this paper

Impacts of Sea Level Rise on Economic Growth in Developing Asia

Author

Listed:
  • Asuncion, Ruben Carlo

    (Union Bank of the Philippines)

  • Lee, Minsoo

    (Asian Development Bank)

Abstract

Global sea level rise (SLR) variations have undeniably begun to make an impact on highly vulnerable economies. These impacts of SLR are a key component of the projected economic damage of climate change, an important input to climate change policies and adaptive measures. This paper considers SLR projections and its impact on the economy and includes a consolidation of various related studies. Estimated global gross domestic product (GDP) loss by 2100 ranges from 0.3% to as high as of 9.3% (Hinkel et al. 2014; Pycroft, Abrell, and Ciscar 2015). Climate change impact should be addressed at the global level through a locally focused effort where education and acceptance by all stakeholders are crucial and warranted. Further, this paper tackles several adaptive strategies as a response to SLR which include retreat, accommodation, and protection. The retreat strategy simulates that SLR causes the loss of inundated land and incurs planned relocation (migration) costs above a certain sea level. The accommodation strategy allows usage of vulnerable areas or land and limits damage by flood-proofing or raising structures. Finally, the protection strategy projects that land will be protected from SLR damage by sea walls or other barriers of a certain height. On the other hand, Diaz (2016) estimates a median adaptation cost from migration at 16% of GDP under the least-cost strategy by 2050. In general, the education of and the acceptance by the concerned local community will be crucial in the successful implementation of SLR adaptation strategies, notwithstanding parallel mitigation efforts on a global scale.

Suggested Citation

  • Asuncion, Ruben Carlo & Lee, Minsoo, 2017. "Impacts of Sea Level Rise on Economic Growth in Developing Asia," ADB Economics Working Paper Series 507, Asian Development Bank.
    • Handle: RePEc:ris:adbewp:0507
    as

    Download full text from publisher

    File URL: https://www.adb.org/publications/sea-level-rise-economic-growth-developing-asia
    File Function: Full text
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Carlo Giupponi & Mordechai Shechter (ed.), 2003. "Climate Change in the Mediterranean," Books, Edward Elgar Publishing, number 2872.
    2. Jonathan Pycroft & Jan Abrell & Juan-Carlos Ciscar, 2016. "The Global Impacts of Extreme Sea-Level Rise: A Comprehensive Economic Assessment," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 64(2), pages 225-253, June.
    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. Garcia-Jorcano, Laura & Sanchis-Marco, Lidia, 2024. "Forecasting the effect of extreme sea-level rise on financial market risk," International Review of Economics & Finance, Elsevier, vol. 93(PB), pages 1-27.
    2. Pham Thi Oanh & Makoto Tamura & Naoko Kumano & Quang Van Nguyen, 2020. "Cost-Benefit Analysis of Mixing Gray and Green Infrastructures to Adapt to Sea Level Rise in the Vietnamese Mekong River Delta," Sustainability, MDPI, vol. 12(24), pages 1-19, December.
    3. Ronald R. Kumar & Peter J. Stauvermann, 2019. "The Effects of a Revenue-Neutral Child Subsidy Tax Mechanism on Growth and GHG Emissions," Sustainability, MDPI, vol. 11(9), pages 1-23, May.

    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. Sturla F. Kvamsdal & Ivan Belik & Arnt Ove Hopland & Yuanhao Li, 2021. "A Machine Learning Analysis of the Recent Environmental and Resource Economics Literature," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 79(1), pages 93-115, May.
    2. David Roibás & M. García-Valiñas & Alan Wall, 2007. "Measuring welfare losses from interruption and pricing as responses to water shortages: an application to the case of Seville," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 38(2), pages 231-243, October.
    3. Osamu Nishiura & Makoto Tamura & Shinichiro Fujimori & Kiyoshi Takahashi & Junya Takakura & Yasuaki Hijioka, 2020. "An Assessment of Global Macroeconomic Impacts Caused by Sea Level Rise Using the Framework of Shared Socioeconomic Pathways and Representative Concentration Pathways," Sustainability, MDPI, vol. 12(9), pages 1-12, May.
    4. Wojciech Szewczyk & Juan Carlos Ciscar Martinez & Ignazio Mongelli & Antonio Soria Ramirez, 2018. "JRC PESETA III Project: Economic integration and spillover analysis," JRC Research Reports JRC113810, Joint Research Centre.
    5. Matthew D. Wood & Ann Bostrom & Todd Bridges & Igor Linkov, 2012. "Cognitive Mapping Tools: Review and Risk Management Needs," Risk Analysis, John Wiley & Sons, vol. 32(8), pages 1333-1348, August.
    6. Johnson, Justin Andrew & Baldos, Uris Lantz & Hertel, Thomas & Nootenboom, Chris & Polasky, Stephen & Roxburgh, Toby, 2020. "Global Futures: Modelling the global economic impacts of environmental change to support policy-making," Technical Papers 323944, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    7. Dono, Gabriele & Mazzapicchio, Graziano, 2010. "Uncertain water supply in an irrigated Mediterranean area: An analysis of the possible economic impact of climate change on the farm sector," Agricultural Systems, Elsevier, vol. 103(6), pages 361-370, July.
    8. Rania Hentati-Kaffel & Alessandro Ravina, 2020. "The Impact of Low-Carbon Policy on Stock Returns," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-03045804, HAL.
    9. Gabriel Bachner & Daniel Lincke & Jochen Hinkel, 2022. "The macroeconomic effects of adapting to high-end sea-level rise via protection and migration," Nature Communications, Nature, vol. 13(1), pages 1-13, December.
    10. Wojtek Szewczyk & Luc Feyen & Anca Matei & Juan Carlos Ciscar & Eamonn Mulholland & Antonio Soria, 2020. "Economic analysis of selected climate impacts. JRC PESETA IV project –Task 14," JRC Research Reports JRC120452, Joint Research Centre.
    11. Makoto Tamura & Naoko Kumano & Mizuki Yotsukuri & Hiromune Yokoki, 2019. "Global assessment of the effectiveness of adaptation in coastal areas based on RCP/SSP scenarios," Climatic Change, Springer, vol. 152(3), pages 363-377, March.
    12. Quiroga, Sonia & Iglesias, Ana, 2007. "Projections of economic impacts of climate change in agriculture in Europe," Economia Agraria y Recursos Naturales, Spanish Association of Agricultural Economists, vol. 7(14), pages 1-18.
    13. Ayten Erol & Timothy Randhir, 2012. "Climatic change impacts on the ecohydrology of Mediterranean watersheds," Climatic Change, Springer, vol. 114(2), pages 319-341, September.
    14. Aaron B. Gertz & James B. Davies & Samantha L. Black, 2019. "A CGE Framework for Modeling the Economics of Flooding and Recovery in a Major Urban Area," Risk Analysis, John Wiley & Sons, vol. 39(6), pages 1314-1341, June.
    15. Mordechai SHECHTER & Ruslana Rachel PALATNIK, 2008. "Can Climate Change Mitigation Policy Benefit the Israeli Economy? A Computable General Equilibrium Analysis," EcoMod2008 23800132, EcoMod.
    16. Sabrina Auci & Donatella Vignani, 2020. "Climate variability and agriculture in Italy: a stochastic frontier analysis at the regional level," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 37(2), pages 381-409, July.
    17. Richard S. J. Tol & Robert J. Nicholls & Sally Brown & Jochen Hinkel & Athanasios T. Vafeidis & Tom Spencer & Mark Schuerch, 2016. "Comment on ‘The Global Impacts of Extreme Sea-Level Rise: A Comprehensive Economic Assessment’," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 64(2), pages 341-344, June.
    18. Rotem Zelingher & Andrea Ghermandi & Enrica Cian & Malcolm Mistry & Iddo Kan, 2019. "Economic Impacts of Climate Change on Vegetative Agriculture Markets in Israel," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 74(2), pages 679-696, October.
    19. Tom Spencer & Alexandre K. Magnan & Simon Donner & Matthias Garschagen & James Ford & Virginie K. E. Duvat & Colette C. C. Wabnitz, 2024. "Habitability of low-lying socio-ecological systems under a changing climate," Climatic Change, Springer, vol. 177(1), pages 1-19, January.
    20. Hjort, Ingrid, 2016. "Potential Climate Risks in Financial Markets: A Literature Overview," Memorandum 01/2016, Oslo University, Department of Economics.

    More about this item

    Keywords

    climate change; economic growth; sea level rise;
    All these keywords.

    JEL classification:

    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

    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:ris:adbewp:0507. 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: Orlee Velarde (email available below). General contact details of provider: https://edirc.repec.org/data/eradbph.html .

    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.