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Analyzing and visualizing the synergistic impact mechanisms of climate change related costs

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  • Halkos, George
  • Tsilika, Kyriaki

Abstract

One climate related phenomenon could affect many more. The direct costs associated to climate related factors pass to a number of other climate related costs through the indirect economic consequences of climate change. In this paper we propose a mathematical model which aims to provide forecasts of the distribution of the costs caused by the synergistic mechanism of environmental effects. The model is created to be directly applied to situations where the primary costs associated to climate related factors can be specified. It is expressed in matrix terms and is programmed using Mathematica’s matrix functions. We provide the framework for efficient computation of this model, covering possible linear and nonlinear functions of the impact mechanism for costs and, infinite direct cost scenarios. Some directions for the quantitative estimation of impact indicators and adaptation potentials of the costs incurred by certain climate related factors are included, in order to apply the proposed model using real socioeconomic data.

Suggested Citation

  • Halkos, George & Tsilika, Kyriaki, 2014. "Analyzing and visualizing the synergistic impact mechanisms of climate change related costs," MPRA Paper 55459, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:55459
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    References listed on IDEAS

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    1. Edward B. Barbier, 1994. "Valuing Environmental Functions: Tropical Wetlands," Land Economics, University of Wisconsin Press, vol. 70(2), pages 155-173.
    2. K. G. Mäler & J. R. Vincent (ed.), 2005. "Handbook of Environmental Economics," Handbook of Environmental Economics, Elsevier, edition 1, volume 3, number 3.
    3. Kolstad, Charles D. & Toman, Michael, 2005. "The Economics of Climate Policy," Handbook of Environmental Economics, in: K. G. Mäler & J. R. Vincent (ed.), Handbook of Environmental Economics, edition 1, volume 3, chapter 30, pages 1561-1618, Elsevier.
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    Citations

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    Cited by:

    1. Halkos, George & Tsilika, Kyriaki, 2021. "Computational aspects of sustainability: Conceptual review and analytical framework," MPRA Paper 109632, University Library of Munich, Germany.
    2. Halkos, George & Bampatsou, Christina, 2016. "Driving forces of different productivity models," MPRA Paper 75398, University Library of Munich, Germany.
    3. Halkos, George & Bampatsou, Christina, 2017. "Technical efficiency, productivity change and environmental degradation," MPRA Paper 77176, University Library of Munich, Germany.
    4. Halkos, George & Tsilika, Kyriaki, 2016. "Climate change impacts: Understanding the synergetic interactions using graph computing," MPRA Paper 75037, University Library of Munich, Germany.
    5. Halkos, George & Barmpoudaki, Kyriaki & Voulagkas, George & Tsilika, Kyriaki, 2018. "Exploring the EMEP Input-Output model of air pollution," MPRA Paper 90267, University Library of Munich, Germany.
    6. Halkos, George & Tsilika, Kyriaki, 2014. "Perspectives on integrating a computer algebra system into advanced calculus curricula," MPRA Paper 63898, University Library of Munich, Germany.
    7. Halkos, George E. & Tsilika, Kyriaki D., 2017. "Climate change effects and their interactions: An analysis aiming at policy implications," Economic Analysis and Policy, Elsevier, vol. 53(C), pages 140-146.
    8. Halkos, George & Tsilika, Kyriaki, 2017. "Computational analysis of source receptor air pollution problems," MPRA Paper 77305, University Library of Munich, Germany.
    9. George Halkos & Kyriaki Tsilika, 2015. "A Dynamic Interface for Trade Pattern Formation in Multi-regional Multi-sectoral Input-output Modeling," Computational Economics, Springer;Society for Computational Economics, vol. 46(4), pages 671-681, December.
    10. Wu, Yong-Ping & Feng, Guo-Lin, 2015. "A new algorithm for seasonal precipitation forecast based on global atmospheric hydrological water budget," Applied Mathematics and Computation, Elsevier, vol. 268(C), pages 478-488.
    11. George E. Halkos & Christina Bampatsou, 2019. "Economic growth and environmental degradation: a conditional nonparametric frontier analysis," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 21(2), pages 325-347, April.
    12. Halkos, George & Bampatsou, Christina, 2016. "Investigating the effect of efficiency and technical changes on productivity," MPRA Paper 76287, University Library of Munich, Germany.

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    More about this item

    Keywords

    Computational techniques; Mathematica computer software; Climate change related factors; Cost interactions.;
    All these keywords.

    JEL classification:

    • C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
    • C88 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Other Computer Software
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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