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  • Climate impacts on capital accumulation in the small island state of Barbados
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Climate impacts on capital accumulation in the small island state of Barbados

Source(s):  Multidisciplinary Digital Publishing Institute (MDPI)

This paper constructs a model of climate-related damage for small island developing states (SIDS). The authors focus on the loss of private productive capital stocks through extreme climate events. In contrast to most economic analyses of climate impacts, which assume temperature-dependent damage functions, the paper draws on the engineering literature to allow for a greater or lesser degree of anticipation of climate change when designing capital stocks and balancing current adaptation expenditure against future loss and damage. The authors apply the model to tropical storm damage in the small island developing state of Barbados and show how anticipatory behavior changes the damage to infrastructure for the same degree of climate change. Thus, in the model, damage depends on behavior as well as climate variables



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  • Climate impacts on capital accumulation in the small island state of Barbados
  • Publication date 2019
  • Author(s) Kemp-Benedict, Eric; Lamontagne, Jonathan; Laing, Timothy; Drakes, Crystal
  • Number of pages 23 p.
  • ISBN/ISSN 2071-1050 (eISN)

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