REGIONAL ECONOMIC IMPACTS OF CLIMATE CHANGE: A COMPUTABLE GENERAL EQUILIBRIUM ANALYSIS FOR AN ALASKA FISHERY

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.