NDLI: A Survey of Global Impacts of Climate Change: Replication, Survey Methods, and a Statistical Analysis

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A Survey of Global Impacts of Climate Change: Replication, Survey Methods, and a Statistical Analysis

Content Provider	Scilit
Author	Nordhaus, William D. Moffatt, Andrew
Copyright Year	2017
Description	Journal: Ssrn Electronic Journal The present study has two objectives. The first is a review of studies that estimate the global economic impacts of climate change using a systematic research synthesis (SRS). In this review, we attempt to replicate the impact estimates provided by Tol (2009, 2014) and find a large number of errors and estimates that could not be replicated. The study provides revised estimates for a total of 36 usable estimates from 27 studies. A second part of the study performs a statistical analysis. While the different specifications provide alternative estimates of the damage function, there were no large discrepancies among specifications. The preferred regression is the median, quadratic, weighted regression. The data here omit several important potential damages, which we estimate to add 25% to the quantified damages. With this addition, the estimated impact is -2.04 ( 2.21)% of income at 3 °C warming and -8.06 ( 2.43)% of income at 6 °C warming. We also considered the likelihood of thresholds or sharp convexities in the damage function and found no evidence from the damage estimates of a sharp discontinuity or high convexity.
Related Links	http://www.nber.org/papers/w23646.pdf https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=3009427
ISSN	10914358
e-ISSN	15565068
DOI	10.2139/ssrn.3009427
Journal	Ssrn Electronic Journal
Language	English
Publisher	Elsevier BV
Publisher Date	2017-07-25
Access Restriction	Open
Subject Keyword	Journal: Ssrn Electronic Journal Atmospheric Sciences Climate Change Estimated Impact
Content Type	Text
Resource Type	Article
Subject	Public Health, Environmental and Occupational Health Psychiatry and Mental Health

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