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Modeling Public Policies in Latin America and the Caribbean

image of Modeling Public Policies in Latin America and the Caribbean

The Inter-American Development Bank (IDB) and the Economic Commission for Latin America and the Caribbean (ECLAC) have formed a partnership to promote a regional network of computable general equilibrium (CGE) modellers that facilitates the exchange of analytical findings, techniques and data, with the ultimate objective of better serving policymakers in policy formulation. The regional meetings of CGE modellers, held annually in a different country of the region, have been instrumental in promoting interregional transfer of analytical technologies and in bringing the region closer to international best practices. This book contains a selection of studies discussed in past annual regional meetings on modelling.

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Climate change in Latin America: Impacts and mitigation policy options

Climate change is likely to become a major social and economic challenge over the next century. Estimates of damage from climate change, though varying widely across studies, range up to 20% of global GDP, with the mode at around 1% to 2% of GDP. There is also the possibility of tipping points—leading to uncontrollable climate change—such as a sudden release of greenhouse gases (GHG) stored in permafrost, for example, or the collapse of Antarctic ice sheet. Beyond the aggregate effects, the impacts of climate change and policies to mitigate GHG emissions will vary widely across and within countries. Yet, most studies have not included much regional detail, and virtually all have focused on the distributional impacts across rather than within countries.

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