Economics

Climate change will influence the stability, generation, and distribution of human wealth.

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  • Predicting Economic Costs Featured Article Predicting Economic Costs Predicting Economic Costs

    Predicting the influence of global climate change on the world’s economy requires computer modeling. [1] These models incorporate at least a rudimentary global climate... More »

  • Revealed Preference Techniques Featured Article Revealed Preference Techniques Revealed Preference Techniques

    Cost–benefit analyses for the large-scale projects to mitigate climate change may require assessment of goods or services for which market data is unavailable. How does... More »

  • Stated Preference Technique Featured Article Stated Preference Technique Stated Preference Technique

    Cost-benefit analyses for the large-scale projects to mitigate climate change may require assessment of goods or services for which market data is unavailable. How does one put... More »

  • Nighttime Lights and Economic Activity Featured News Article Nighttime Lights and Economic Activity Nighttime Lights and Economic Activity

    Nighttime Lights Clarify Economic Activity Combining lights and statistics may yield high-resolution global economic data The glow of lights in a city at night means... More »

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Inclusive Wealth Report 2012 Last Updated on 2013-10-29 21:21:58 The International Human Dimensions Programme on Global Environmental Change (IHDP)* announced at the Rio+20 Summit on June 17, 2012. the launch of the Inclusive Wealth Report 2012 (IWR 2012). The report measures the wealth of nations. Download PDF | Read more about the report The report presents a new economic index, which looks beyond the traditional short term economic and development yardsticks of gross domestic product (GDP) and the Human Development Index (HDI). The Inclusive Wealth Index (IWI) assesses changes in a country’s productive base, including produced, human, and natural capital over time. By taking a more holistic approach, the IWI shows governments the true state of their nation’s wealth and the sustainability of its growth. Twenty countries were assessed in the IWR 2012 over a period of 19 years (1990-2008). Together they represent more than half of... More »
Temperature rise 'slows economy in poor countries' Last Updated on 2012-08-20 00:00:00 Paula Park reports in SciDev.Net on August 16, 2012, that [s]mall increases in temperature may have reduced the industrial and agricultural production of poor countries, according to a study by Melissa Dell and Benjamin A. Olken at MIT and Benjamin F. Jones at Northwestern University. Temperature rise 'slows economy in poor countries' Higher temperatures may also have contributed to political instability in these countries — defined as those with below-median per capita income, adjusted for the purchasing power of the country's currency — according to the study published in the American Economic Journal: Macroeconomics last month. In contrast, rich countries have so far shown no measurable economic or political consequences resulting from temperature change. "Temperature fluctuations can have large negative impacts on poor... More »
Nighttime Lights and Economic Activity Last Updated on 2011-06-12 00:00:00 Nighttime Lights Clarify Economic Activity Combining lights and statistics may yield high-resolution global economic data The glow of lights in a city at night means different things to different people. For some, the amazing hues along Broadway, the Las Vegas Strip or the Sunset Strip in Hollywood mean a fun night out. For an economist, these dazzling lights signify people's pockets are flush with cash; and in fact, research now confirms it. Research by William Nordhaus, Sterling Professor of Economics at Yale University and Quinnipiac University sociologist Xi Chen shows nighttime lights, when seen from outer space, reveal how economically developed an area is. For a place like the United States that has strong data collection programs, the radiance of nighttime lights corroborates measures of economic activity, such as gross domestic product (GDP). But for... More »
Module: Climate Change and Wine Curriculum Module Last Updated on 2011-06-08 00:00:00 SUMMARY   In this computer exercise, students will compare and contrast satellite and ground data for temperature in northern California over several decades and extract trends about climatic regions for wine-grape production. The satellite data, which we provide in an Excel spreadsheet, contains four 1° blocks along a longitudinal transect from the coast of California to the mountains. The ground based data in the spreadsheet are from four weather stations (Ft. Bragg, Napa County Hospital, University of California at Davis, and Colfax), each representing one of the blocks along this transect. For each block and station, we calculated the Winkler Scale, a technique for classifying the climate of wine growing regions in which geographical areas are divided into five climate categories based on degree days. Plotted are changes in the Winkler Scale for the... More »
Building for Environmental and Economic Sustainability (BEES) Model Last Updated on 2011-01-10 00:00:00 The BEES (Building for Environmental and Economic Sustainability) model provides a powerful technique for selecting cost-effective, environmentally-preferable building products. Developed by the National Institute of Standards and Technology's (NIST) Engineering Laboratory, the tool is based on consensus standards and designed to be practical, flexible, and transparent. Version 4.0 of the decision support software, aimed at designers, builders, and product manufacturers, includes actual environmental and economic performance data for 230 building products. BEES measures the environmental performance of building products by using the life-cycle assessment approach specified in the ISO 14040 series of standards. All stages in the life of a product are analyzed: raw material acquisition, manufacture, transportation, installation, use, and recycling and waste management. Economic... More »