The purpose of this paper is to identify the changes in the impact of energy shocks on economic activity — with an interest in assessing if an economy's vulnerability and resilience to shocks improved with economic development. Using data on the United Kingdom over the last three hundred years, the paper identifies supply, aggregate demand and residual shocks to energy prices and estimates their changing influence on energy prices and GDP.
The project Deltas, vulnerability and Climate Change; Migration as an Adaptation (DECCMA), has release a new policy brief "Climate change and the economic future of deltas in Africa and Asia". The objective of it is to explore the economics implications of climate change for the three deltas of the DECCMA project and to summarise the finds for the Business as Usual scenario, without climate change, with climate change, and with climate change and adaptation.
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