How Long to Read The Macroeconomic Returns of Investment in Resilience to Natural Disasters Under Climate Change: A DSGE Approach
By Emilio Fernández Corugedo
How Long Does it Take to Read The Macroeconomic Returns of Investment in Resilience to Natural Disasters Under Climate Change: A DSGE Approach?
It takes the average reader and 50 minutes to read The Macroeconomic Returns of Investment in Resilience to Natural Disasters Under Climate Change: A DSGE Approach by Emilio Fernández Corugedo
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Description
This paper presents a Markov switching dynamic stochastic general equilibrium model designed to evaluate the macroeconomic return of adaptation investment to natural disasters (NDs) and the impact of climate change. While the model follows the existing literature in assuming that NDs destroy a share of the public and private capital stocks and a government that can invest in adaptation at an additional cost, it adds several features that are key to the analysis, both in the near (transition) and long (steady state) terms. Those include incomplete markets, financial frictions with collateral constraints, foreign remittances, full menu of tax and government spending instruments, and endogenous climate risk premium. The model is calibrated to the case of Dominica. It finds that NDs have large and persistent negative effects on output and public finances. It also shows that adaptation investment has large returns in terms of private investment, employment, output and tax revenue in the long term, especially under climate change.
How long is The Macroeconomic Returns of Investment in Resilience to Natural Disasters Under Climate Change: A DSGE Approach?
The Macroeconomic Returns of Investment in Resilience to Natural Disasters Under Climate Change: A DSGE Approach by Emilio Fernández Corugedo is 49 pages long, and a total of 12,691 words.
This makes it 17% the length of the average book. It also has 16% more words than the average book.
How Long Does it Take to Read The Macroeconomic Returns of Investment in Resilience to Natural Disasters Under Climate Change: A DSGE Approach Aloud?
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 9 minutes to read The Macroeconomic Returns of Investment in Resilience to Natural Disasters Under Climate Change: A DSGE Approach aloud.
What Reading Level is The Macroeconomic Returns of Investment in Resilience to Natural Disasters Under Climate Change: A DSGE Approach?
The Macroeconomic Returns of Investment in Resilience to Natural Disasters Under Climate Change: A DSGE Approach is suitable for students ages 8 and up.
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