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Estimating the Economic Impact of Climate Change on Cardiovascular Diseases—Evidence from Taiwan

Author

Listed:
  • Shu-Yi Liao

    (Department of Applied Economics, National Chung-Hsing University, Taichung, Taiwan)

  • Wei-Chun Tseng

    (Department of Applied Economics, National Chung-Hsing University, Taichung, Taiwan)

  • Pin-Yu Chen

    (Department of Applied Economics, National Chung-Hsing University, Taichung, Taiwan)

  • Chi-Chung Chen

    (Department of Applied Economics, National Chung-Hsing University, Taichung, Taiwan)

  • Wei-Min Wu

    (Department of Applied Economics, National Chung-Hsing University, Taichung, Taiwan)

Abstract

The main purpose of this study was to investigate how climate change affects blood vessel-related heart disease and hypertension and to estimate the associated economic damage. In this paper, both the panel data model and the contingent valuation method (CVM) approaches are applied. The empirical results indicate that the number of death from cardiovascular diseases would be increased by 0.226% as the variation in temperature increases by 1%. More importantly, the number of death from cardiovascular diseases would be increased by 1.2% to 4.1% under alternative IPCC climate change scenarios. The results from the CVM approach show that each person would be willing to pay US$51 to US$97 per year in order to avoid the increase in the mortality rate of cardiovascular diseases caused by climate change.

Suggested Citation

  • Shu-Yi Liao & Wei-Chun Tseng & Pin-Yu Chen & Chi-Chung Chen & Wei-Min Wu, 2010. "Estimating the Economic Impact of Climate Change on Cardiovascular Diseases—Evidence from Taiwan," IJERPH, MDPI, vol. 7(12), pages 1-17, December.
    • Handle: RePEc:gam:jijerp:v:7:y:2010:i:12:p:4250-4266:d:10614
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    References listed on IDEAS

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