6533b82dfe1ef96bd12912fc
RESEARCH PRODUCT
A general equilibrium analysis of climate change impacts on tourism
Richard S.j. TolRichard S.j. TolRichard S.j. TolMaria BerrittellaMaria BerrittellaMaria BerrittellaAndrea BiganoAndrea BiganoAndrea BiganoRoberto RosonRoberto RosonRoberto Rosonsubject
Computable general equilibriumGeneral equilibrium theoryNatural resource economicsStrategy and ManagementClimate changejel:C68Transportation010501 environmental sciencesDevelopment01 natural sciencesjel:L83/dk/atira/pure/sustainabledevelopmentgoals/climate_actionEffects of global warming0502 economics and businessEconomicsSDG 13 - Climate ActionDeadweight lossEconomic impact analysiscomputable general equilibrium model0105 earth and related environmental sciencesConsumption (economics)05 social sciencesjel:D58jel:Q51climate change13. Climate actionjel:Q54Tourism Leisure and Hospitality Management8. Economic growthtourismClimate change Computable general equilibrium models Tourism050212 sport leisure & tourismTourismdescription
This paper studies the economic implications of climate-change-induced variations in tourism demand, using a world CGE model. The model is first re-calibrated at some future years, obtaining hypothetical benchmark equilibria, which are subsequently perturbed by shocks, simulating the effects of climate change. We portray the impact of climate change on tourism by means of two sets of shocks, occurring simultaneously. The first set of shocks translate predicted variations in tourist flows into changes of consumption preferences for domestically produced goods. The second set reallocate income across world regions, simulating the effect of higher or lower tourists' expenditure. Our analysis highlights that variations in tourist flows will affect regional economies in a way that is directly related to the sign and magnitude of flow variations. At a global scale, climate change will ultimately lead to a welfare loss, unevenly spread across regions. (c) 2005 Elsevier Ltd. All rights reserved
| year | journal | country | edition | language |
|---|---|---|---|---|
| 2006-01-01 |