Coastal climate adaptation unites approaches within environmental and resource economics and other disciplines. Sea-level rise, ocean warming and acidification, and increased storminess are press and pulse disturbances that threaten to alter or intensify bio-physical coastal changes. Communities respond in ways that neither maximize total economic value nor apply the appropriate spatial scale of response. We synthesize multiple strains of modeling and empirical work that inform coastal adaptation, focusing on coastline change. North Carolina illustrates broad themes of coastal adaptation,...
This paper provides a review and synthesis of geo-economic models that are used to analyze coastal erosion management and shoreline change. We outline a generic framework for analyzing risk-mitigating and/or recreation-enhancing policy interventions within a dynamic framework, and we review literature that informs the nature and extent of net benefit flows associated with coastal management. Using stated preference analysis, we present new estimates on household preferences for shoreline erosion management, including costs associated with ecological impacts of management. Lastly, we offer...
Growing concerns over climate change and the potential for large damages due to non-linear processes underscore the need for meaningful sustainability assessment of an economy. Economists have developed rigorous approaches to conceptualizing sustainability based on the paradigm of weak sustainability, which relies on extensive substitution among reproducible capital, renewable resources and exhaustible natural resources. In contrast, strong sustainability emphasizes physical limits to this substitution and the importance of maintaining the resilience of normally functioning biophysical...
“Credit Constraints, Technology Choice and Exports: A Firm Level Study for Latin American Countries,
Review of Development Economics, March 2016. Theoretical analysis shows that firms face credit constraints depending on their initial productivity and the cost of the credit. As a result, credit constrained firms may never be able to cross the minimum productivity threshold needed to enter and compete in a foreign market. Empirical analysis using firm level data for five Latin American countries confirms that firms face credit constraints in technology adoption and the extensive margin of trade.
International Regional Science Review, DOI: 10.1177/0160017616642822. Syed Hasan, Alessandra Faggian, H. Allen Klaiber, and Ian Sheldon. Analysis of Taiwanese firms’ total factor productivity distribution shows that, depending on location choice, the impact of agglomeration and selection is heterogeneous across firm types.
The “Western Ohio Cropland Values and Cash Rents” study was conducted from February through April in 2016. The study is an opinion based survey used to poll professionals with a knowledge of Ohio’s cropland values and rental rates. Surveyed groups include professional farm managers, rural appraisers, agricultural lenders, OSU Extension educators, and Farm Service Agency personnel. Landowners and farmers are represented, but as a minority of the survey respondents. Ohio cropland values and cash rental rates are projected to decrease in 2016. According to the Ohio Cropland Values and Cash Rents...
Decentralized Management Hinders Coastal Climate Adaptation: The Spatial-dynamics of Beach Nourishment
Climate change threatens to alter coastline erosion patterns in space and time and coastal communities adapt to these threats with decentralized shoreline stabilization measures. We model strategic interaction between two neighboring towns, and explore welfare implications of spatial-dynamic feedbacks in the coastal zone. When communities are adjacent, the seaward community loses sand to the landward community through alongshore sediment transport. Strategic interactions create incentives for both communities nourish less, resulting in lower long-run beach width and lower property values in...
Katchova, A.L. and M.C. Ahearn. “Dynamics of Farmland Ownership and Leasing: Implications for Young and Beginning Farmers.” Applied Economic Perspectives and Policy 38,2 (2016):334-350. https://doi.org/10.1093/aepp/ppv024 *Outstanding Research Award for this article from the Agricultural Finance and Management Section, Agricultural and Applied Economics Association.
"Regional Innovation Policy in Taiwan and South Korea: Impact of Science Parks on Firm Productivity"
Presentation to East Asian Studies Interdisciplinary Graduate Seminar
Presentation at Capitol Hill Briefing organized by The Council on Food, Agricultural, and Resource Economics in collaboration with Agricutlural and Applied Economics Association, Washington, DC, February 11, 2016. This presentation was also given as a C-FARE Webinar: listen to the Webinar presentation here .