Article
Economics
Terrie Walmsley, Adam Rose, Richard John, Dan Wei, Jakub P. Hlavka, Juan Machado, Katie Byrd
Summary: This study estimates the economic impacts of COVID-19 in the U.S. by using a dynamic computable general equilibrium (CGE) model and a disaster economic consequence analysis framework. The analysis identifies the relative influences of various causal factors, such as mandatory business closures, disease spread trajectories, behavioral responses, resilience, pent-up demand, and government stimulus packages. The study provides valuable insights for policymakers to mitigate the negative effects and strengthen the positive ones during the current and future pandemics.
ECONOMIC MODELLING
(2023)
Article
Business
Xinxin Ma, Ximing Chen
Summary: This article uses the Computable General Equilibrium Model to analyze the impact of the COVID-19 pandemic on an open economy and industry sub-sectors in China. The results show that the pandemic has extensively harmed the economy, particularly affecting the hotels and catering services industries. Therefore, stabilizing employment and expanding demand are crucial tasks for the government.
EMERGING MARKETS FINANCE AND TRADE
(2022)
Review
Energy & Fuels
Tobias Mueller, Steven Gronau
Summary: This paper conducts a systematic literature review to investigate existing computable general equilibrium (CGE) studies related to hydrogen and aviation, aiming to derive a macroeconomic research agenda for hydrogen-powered aviation. Findings include hydrogen's lack of cost competitiveness and the macroeconomic relevance of air transportation. Research gaps include a stronger focus on sustainable hydrogen and a more holistic perspective on the air transportation system. Implications for macroeconomic research on hydrogen-powered aviation are provided, including consideration of existing modeling approaches, utilization of interdisciplinary data and scenarios, geographical suitability, diverse policy tools, and a holistic perspective. Policymakers are recommended to address the macroeconomic perspectives of hydrogen use in air transportation.
Article
Economics
Govinda R. Timilsina, Jun Pang, Xi Yang
Summary: This study evaluates the potential macroeconomic impacts of power sector reforms in China and finds that following market-based principles to expand and operate the power system could result in a 20% reduction in electricity prices and over 1% increase in GDP in 2020.
Article
Green & Sustainable Science & Technology
Glenn A. Aguilar-Hernandez, Joao F. Dias Rodrigues, Arnold Tukker
Summary: This paper reviews over 300 circular economy scenarios and finds that by 2030, implementing ambitious circular economy scenarios could lead to a 'win-win-win' situation with marginal or incremental changes in GDP and employment, while significantly reducing CO2 emissions. Additionally, the paper discusses modeling features such as resource taxes, technology changes, and consumption patterns that have the greatest impact on GDP, job creation, and CO2 emissions.
JOURNAL OF CLEANER PRODUCTION
(2021)
Article
Environmental Studies
Tingting Zhang, Chence Niu, Divya Jayakumar Nair, Vinayak Dixit, S. Travis Waller
Summary: Transportation planning models should consider equity and fairness in order to support the design of future mobility. However, resilience-related improvement in transport networks is rarely considered in terms of social equity. The lack of a universally accepted definition for equity complicates quantification. This research identifies multiple frameworks for quantifying model-amenable metrics to examine trade-offs between different approaches.
TRANSPORTATION RESEARCH PART D-TRANSPORT AND ENVIRONMENT
(2023)
Article
Economics
Lorenza Campagnolo, Enrica De Cian Ca
Summary: This paper evaluates the macroeconomic and distributional implications of climate change impacts and a carbon tax on Italian households and regions. The study highlights the disparities within income groups and regions, revealing the regressive effects of both climate change and carbon taxation. Additionally, the research identifies the emerging risk faced by households in adapting to higher temperatures and the importance of considering the distributional consequences of climate change when designing policies.
Review
Environmental Sciences
Kangxin An, Shihui Zhang, Jiaxin Zhou, Can Wang
Summary: Computable general equilibrium (CGE) models are widely used in assessing the economic, social, and environmental impacts of low-carbon policies. This review analyzed 1002 studies published between 2001 and 2021, revealing the global application of CGE models in low-carbon policy analysis. The study highlights the primary policy focuses, the increasing attention on social and environmental consequences, and the complexity of CGE models to serve diverse policy study purposes.
ENVIRONMENTAL RESEARCH LETTERS
(2023)
Article
Construction & Building Technology
Renata Slabe-Erker, Miha Dominko, Ali Bayar, Boris Majcen, Kaja Primc
Summary: Investments in energy efficiency are crucial for reducing greenhouse gas emissions. This study focuses on the integration of decarbonisation of the built environment into the economy-wide system. The study reveals the macroeconomic benefits of energy efficiency improvements, but also highlights potential challenges in commercial services and for low-income households.
BUILDING AND ENVIRONMENT
(2022)
Article
Economics
Walimuni Chamindri Sewanka Mendis Abeysekara, Mahinda Siriwardana, Samuel Meng
Summary: Scientific evidence suggests that agriculture will be adversely affected by global climate change, particularly in South Asia. This study examines the economic impacts of climate change-induced agricultural productivity changes on Sri Lanka, using a computable general equilibrium model. The results show reductions in crop output, increased consumer prices, and a decline in household consumption, highlighting the need for research on climate change adaptation strategies and policy responses to mitigate adverse effects on agriculture and food security.
ECONOMIC ANALYSIS AND POLICY
(2023)
Article
Green & Sustainable Science & Technology
Diego Silva Herran, Shinichiro Fujimori
Summary: Japan has set greenhouse gas emissions reduction targets for 2030 and 2050, and increasing these targets significantly impacts energy supply structure and macroeconomic costs. Accelerating the reduction of carbon intensity will be crucial for achieving the goal of full decarbonization by 2050.
SUSTAINABILITY SCIENCE
(2021)
Article
Economics
Yang Qu, Tara Hooper, J. Kim Swales, Eleni Papathanasopoulou, Melanie C. Austen, Xiaoyu Yan
Summary: This study examines the impacts of offshore wind farms on the seafood industry from a macroeconomic perspective using a computable general equilibrium model with Scotland as a case study. The results indicate that increasing the number of offshore wind farms may have negative effects on seafood production, but the reduced electricity costs have a positive impact on the economy as a whole, benefiting lower income households and reducing fuel poverty.
Article
Economics
Filippo Di Pietro, Patrizio Lecca, Simone Salotti
Summary: This paper investigates the resilience of European Union regions under different recessionary shocks using a spatial general equilibrium model, finding that regions' responses vary depending on the nature of the shock and pre-shock regional characteristics. The analysis also suggests that resilience is influenced by factor mobility, offering insights into studying resilience in different contexts using a general equilibrium framework.
SPATIAL ECONOMIC ANALYSIS
(2021)
Article
Environmental Sciences
Jing Cao, Mun Ho, Qingfeng Liu
Summary: This study finds that climate actions in China have mainly focused on CO2 mitigation and have not comprehensively studied the impact of non-CO2 greenhouse gases. By developing a multi-sector dynamic model, we compare the economic impact of CO2-only mitigation with a multi-GHG mitigation policy that also prices non-CO2 GHGs. The results show that the multi-GHG approach significantly reduces the marginal abatement cost and economic loss compared to a CO2-only scenario.
ENVIRONMENTAL RESEARCH LETTERS
(2023)
Article
Economics
Felipe Freitas da Rocha, Edmar Luiz Fagundes de Almeida
Summary: The article explores the rebound effect and backfire generated by energy efficiency improvements, expanding on Wei's (2010) model. It highlights the importance of energy supply and multiple energy services in influencing the rebound effect, as well as the potential for backfire from neutral technical changes.
Article
Economics
Adam Rose, Dan Wei
Article
Public, Environmental & Occupational Health
Detlof von Winterfeldt, R. Scott Farrow, Richard S. John, Jonathan Eyer, Adam Z. Rose, Heather Rosoff
Article
Public, Environmental & Occupational Health
Shingo Nagamatsu, Adam Rose, Jonathan Eyer
Article
Computer Science, Artificial Intelligence
Eyuphan Koc, Barbaros Cetiner, Adam Rose, Lucio Soibelman, Ertugrul Taciroglu, Dan Wei
ADVANCED ENGINEERING INFORMATICS
(2020)
Article
Geosciences, Multidisciplinary
Adam Rose
Summary: This paper compares the economic impacts of the COVID-19 pandemic to other recent disasters in the U.S. and questions whether sufficient investments are being made to prevent future pandemics. Effective risk management strategies are key to preventing these negative impacts, with COVID-19 having a significantly greater economic impact compared to other disasters.
INTERNATIONAL JOURNAL OF DISASTER RISK REDUCTION
(2021)
Article
Geography
Adam Rose, Terrie Walmsley, Dan Wei
Summary: The paper analyzes the economic impacts of mandatory closures to mitigate the COVID-19 pandemic through international trade. The study finds that the international trade linkage impacts are generally negative, with China able to increase exports through international trade following mandatory closures in other regions. The US economy was relatively insulated from trade linkages with the rest of the world, and sectoral impacts provide further insight into the results.
LETTERS IN SPATIAL AND RESOURCE SCIENCES
(2021)
Article
Transportation Science & Technology
Gabriel A. Weaver, Brett Feddersen, Lavanya Marla, Dan Wei, Adam Rose, Mark Van Moer
Summary: The Maritime Transportation System plays a crucial role in global merchandise trade, and ports need to develop security plans to respond to various hazards. With recent cyber-attacks affecting shipping ports, ports must understand the tradeoffs between competitiveness and risk in investment in automation and advanced logistics technologies. This article addresses the economic impact of cyber-attacks on shipping port operations and proposes a method to evaluate the interactions between IT and OT systems.
TRANSPORTATION RESEARCH PART C-EMERGING TECHNOLOGIES
(2022)
Article
Geosciences, Multidisciplinary
Fang Wei, Eyuphan Koc, Nan Li, Lucio Soibelman, Dan Wei
Summary: This study introduces a new analytical framework for estimating the indirect economic impacts caused by transportation disruptions. It leverages state-of-the-art Computable General Equilibrium (CGE) models to calculate the impacts and uses explicit transportation network models to generate disruption information. The study also identifies critical data required for accurate estimation of the impacts and discusses potential issues related to implementation and mitigation solutions.
INTERNATIONAL JOURNAL OF DISASTER RISK REDUCTION
(2022)
Article
Public Administration
Adam Z. Rose, Dan Wei, Katie Byrd, Richard John
Summary: The study of three public assembly venues found that most patrons were not significantly affected by terrorism countermeasures in terms of attendance, but some felt safer in the presence of these measures, leading to increased likelihood of attendance. The economic impact estimates showed a small but notable positive impact on business revenues, with significant variation across venue types.
JOURNAL OF HOMELAND SECURITY AND EMERGENCY MANAGEMENT
(2022)
Article
Economics
Terrie Louise Walmsley, Adam Rose, Dan Wei
Summary: The study estimates the macroeconomic impacts of mandatory business closures on U.S. GDP and employment. Results show greater impact on employment compared to GDP, as most service sectors are more negatively affected by the closures.
APPLIED ECONOMICS LETTERS
(2021)
Article
Business, Finance
Bryan Roberts, Fynnwin Prager, Charles Baschnagel, Adam Rose, Brett Shears
Summary: The impacts of the CBP Center of Excellence and Expertise (CEE) Program on the U.S. trade community were evaluated, revealing that some CEEs had a negative impact on import shipment examination rates, but could save members significant trade examination costs and have potential savings.
Article
Development Studies
Adam Rose, Philip Ganderton, Jonathan Eyer, Dan Wei, Raphael Bostic, Detlof von Winterfeldt
JOURNAL OF ENVIRONMENTAL PLANNING AND MANAGEMENT
(2020)