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A Survey Of Global Impacts Of Climate Change: Replication, Survey Methods, And A Statistical Analysis, William D. Nordhaus, Andrew Moffat
A Survey Of Global Impacts Of Climate Change: Replication, Survey Methods, And A Statistical Analysis, William D. Nordhaus, Andrew Moffat
Cowles Foundation Discussion Papers
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. …
Evolution Of Modeling Of The Economics Of Global Warming: Changes In The Dice Model, 1992-2017, William D. Nordhaus
Evolution Of Modeling Of The Economics Of Global Warming: Changes In The Dice Model, 1992-2017, William D. Nordhaus
Cowles Foundation Discussion Papers
Many areas of the natural and social sciences involve complex systems that link together multiple sectors. Integrated assessment models (IAMs) are approaches that integrate knowledge from two or more domains into a single framework, and these are particularly important for climate change. One of the earliest IAMs for climate change was the DICE/RICE family of models, first published in Nordhaus (1992), with the latest version in Nordhaus (2017, 2017a). A difficulty in assessing IAMs is the inability to use standard statistical tests because of the lack of a probabilistic structure. In the absence of statistical tests, the present study examines …