Abstract
Growth models, which neglect economic disequilibria, considered as temporary, are in general used to evaluate the damaging effects generated by climatic change. This work shows, through a series of modeling experiences, the importance of disequilibria and of endogenous variability of economy in the evaluation of damages due to extreme events and climatic change. It demonstrates the impossibility to separate the evaluation of damages from the representation of growth and of economic dynamics: the comfort losses will depend on both the nature and intensity of impacts and on the dynamics and situation of the economy to which they will apply. Thus, the uncertainties about the damaging effects of future climatic changes come from both scientific uncertainties and from uncertainties about the future organization of our economies. (J.S.)
Citation Formats
Hallegatte, S.
Scale interactions in economics: application to the evaluation of the economic damages of climatic change and of extreme events; Interactions d'echelles en economie: application a l'evaluation des dommages economiques du changement climatique et des evenements extremes.
France: N. p.,
2005.
Web.
Hallegatte, S.
Scale interactions in economics: application to the evaluation of the economic damages of climatic change and of extreme events; Interactions d'echelles en economie: application a l'evaluation des dommages economiques du changement climatique et des evenements extremes.
France.
Hallegatte, S.
2005.
"Scale interactions in economics: application to the evaluation of the economic damages of climatic change and of extreme events; Interactions d'echelles en economie: application a l'evaluation des dommages economiques du changement climatique et des evenements extremes."
France.
@misc{etde_21016552,
title = {Scale interactions in economics: application to the evaluation of the economic damages of climatic change and of extreme events; Interactions d'echelles en economie: application a l'evaluation des dommages economiques du changement climatique et des evenements extremes}
author = {Hallegatte, S}
abstractNote = {Growth models, which neglect economic disequilibria, considered as temporary, are in general used to evaluate the damaging effects generated by climatic change. This work shows, through a series of modeling experiences, the importance of disequilibria and of endogenous variability of economy in the evaluation of damages due to extreme events and climatic change. It demonstrates the impossibility to separate the evaluation of damages from the representation of growth and of economic dynamics: the comfort losses will depend on both the nature and intensity of impacts and on the dynamics and situation of the economy to which they will apply. Thus, the uncertainties about the damaging effects of future climatic changes come from both scientific uncertainties and from uncertainties about the future organization of our economies. (J.S.)}
place = {France}
year = {2005}
month = {Jun}
}
title = {Scale interactions in economics: application to the evaluation of the economic damages of climatic change and of extreme events; Interactions d'echelles en economie: application a l'evaluation des dommages economiques du changement climatique et des evenements extremes}
author = {Hallegatte, S}
abstractNote = {Growth models, which neglect economic disequilibria, considered as temporary, are in general used to evaluate the damaging effects generated by climatic change. This work shows, through a series of modeling experiences, the importance of disequilibria and of endogenous variability of economy in the evaluation of damages due to extreme events and climatic change. It demonstrates the impossibility to separate the evaluation of damages from the representation of growth and of economic dynamics: the comfort losses will depend on both the nature and intensity of impacts and on the dynamics and situation of the economy to which they will apply. Thus, the uncertainties about the damaging effects of future climatic changes come from both scientific uncertainties and from uncertainties about the future organization of our economies. (J.S.)}
place = {France}
year = {2005}
month = {Jun}
}