Open AccessREGIONAL ECONOMIC IMPACTS OF CLIMATE CHANGE: A COMPUTABLE GENERAL EQUILIBRIUM ANALYSIS FOR AN ALASKA FISHERY
Author(s) -
SEUNG CHANG,
IANELLI JAMES
Publication year - 2016
Publication title -
natural resource modeling
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.28
H-Index - 32
eISSN - 1939-7445
pISSN - 0890-8575
DOI - 10.1111/nrm.12092
Subject(s) - pollock , computable general equilibrium , fishery , economics , climate change , stock (firearms) , offset (computer science) , welfare , environmental science , oceanography , geography , biology , macroeconomics , geology , market economy , archaeology , computer science , programming language
We compute the effects on the Alaska economy of reduced pollock harvests from rising sea surface temperature using a regional dynamic computable general equilibrium model coupled with a stochastic stock‐yield projection model for eastern Bering Sea walleye pollock. We show that the effects of decreased pollock harvest are offset to some extent by increased pollock price, and that fuel costs and the world demand for the fish, as well as the reduced supply of the fish from rising sea surface temperature, are also important factors that determine the economic and welfare effects.