Munich Personal RePEc Archive

The Macroeconomics evaluation of Climate Change Model (MECC-Model): The case Study of China

Ruiz Estrada, Mario Arturo (2013): The Macroeconomics evaluation of Climate Change Model (MECC-Model): The case Study of China. Forthcoming in: International Journal of Climate Changes : pp. 1-40.

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Abstract

Global climate change has a potentially large impact on economic growth but measuring their economic impact is subject to a great deal of uncertainty. The central objective of our paper is to set forth a model – the macroeconomics evaluation of climate change (MECC) model – to evaluate the impact of climate change on GNP growth. The model is based on five basic indicators – (i) the climate change growth rates (αi); (ii) the national climate change vulnerability rate (ΩT); (iii) the climate change magnitude rate (Π); (iv) the economic desgrowth rate (δ); (v) and the CC-Surface. In addition, we apply the MECC Model to the case of China to evaluate its impact on the Chinese economy.

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