Climate change impacts such as an increase in mean temperature, change in precipitation patterns and sea level rise are affecting regional road transportation network (RRTN) in Atlantic Canada. Those impacts cause direct and indirect economic consequences for the network and regional economy. In our study, we constructed a dynamic computable general equilibrium model (CGEM) to trace these consequences over time. Basic principles of the designed CGEM are discussed and the model's architecture is presented. The model's elements are estimated, and the obtained CGEM is tested with exogenously imposed shock. Evolutionary dynamics of regional temperature, precipitation and sea level is analyzed on the basis of comprehensive time series analysis. This dynamics will be later imposed on the designed CGEM as external productivity shocks. Some preliminary cumulative economic consequences are evaluated in monetary terms to obtain benchmarks for the mitigation measures associated with future development of the RRTN.
Economic evaluation of climate chang impacts on road transportation in Atlantic Canada
2017-08-01
249215 byte
Conference paper
Electronic Resource
English
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