The Challenge of Global Warming for the Global Economy - GFDRR
The Challenge of Global Warming for the Global Economy - GFDRR
The Challenge of Global Warming for the Global Economy - GFDRR
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Estimated mean damages from global warming, central<br />
case and alternative estimates<br />
Case<br />
(1) (2) (3) (4)<br />
Semielasticity<br />
Change in<br />
<strong>of</strong> tropical sea-<br />
maximum surface<br />
wind speed temperature<br />
w.r.t. T (SST , oC)<br />
Elasticity <strong>of</strong><br />
damages<br />
w.r.t.<br />
windspeed<br />
Estimated<br />
increase in<br />
mean<br />
damages<br />
(% increase)<br />
Central case 8.0 0.035 2.5 96%<br />
OLS elasticity 7.2 0.035 2.5 83%<br />
Emanuel semi-elasticity 8.5 0.055 2.5 199%<br />
Conventional damage impact 3.0 0.035 2.5 29%<br />
SST warming since 1950 8.0 0.035 0.4 12%<br />
Higher storm elasticities 8.5 0.125 2.5 2018%<br />
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