Publication:
The Fragility and Resilience of Nations

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dc.contributor.authorKarayalcin, Cem
dc.contributor.authorOnder, Harun
dc.date.accessioned2023-03-15T20:40:38Z
dc.date.available2023-03-15T20:40:38Z
dc.date.issued2023-03
dc.description.abstractClimate change will impose large and differentiated tolls across countries. This paper suggests that economic fragility and resilience against climate change-driven natural shocks are shaped by: (i) the elasticity of input substitution in resource-intensive sectors, (ii) the trade regime, and (iii) the property rights regime in nature-based assets. Using a structural transformation model, the paper shows, inter alia, that openness increases resilience against natural shocks, regardless of the property right regime. Additionally, openness reduces fragility when a social planner internalizes the social cost of natural resource degradation. However, it increases fragility in a decentralized economy with incomplete property rights in nature-based assets.en
dc.identifierhttp://documents.worldbank.org/curated/en/099717103132331477/IDU03f0080c40ac2f0496308b2a03d516ab9a9a6
dc.identifier.doi10.1596/1813-9450-10362
dc.identifier.urihttps://openknowledge.worldbank.org/handle/10986/39542
dc.languageEnglish
dc.language.isoen
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Papers; 10362
dc.rightsCC BY-NC 3.0 IGO
dc.rights.holderWorld Bank
dc.subjectFRAGILITY
dc.subjectRESILIENCE
dc.subjectCLIMATE CHANGE
dc.subjectECONOMIC FRAGILITY
dc.subjectNATURAL SHOCK RESILIENCE
dc.subjectRESOURCE-INTENSIVE SECTORS RESILIENCE
dc.subjectPROPERTY RIGHTS
dc.subjectTRADE REGIME
dc.subjectNATURE-BASED ASSETS
dc.titleThe Fragility and Resilience of Nationsen
dc.typeWorking Paper
dspace.entity.typePublication
okr.crossref.titleThe Fragility and Resilience of Nations
okr.date.disclosure2023-03-13
okr.date.lastmodified2023-03-13T00:00:00Zen
okr.doctypePolicy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099717103132331477/IDU03f0080c40ac2f0496308b2a03d516ab9a9a6
okr.guid099717103132331477
okr.identifier.doi10.1596/1813-9450-10362
okr.identifier.externaldocumentum34020417
okr.identifier.internaldocumentum34020417
okr.identifier.reportWPS10362
okr.import.id102
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099717103132331477/pdf/IDU03f0080c40ac2f0496308b2a03d516ab9a9a6.pdfen
okr.topicEnvironment::Natural Resources Management
okr.topicMacroeconomics and Economic Growth::Climate Change Economics
okr.topicPublic Sector Development::Climate Change Policy and Regulation
okr.topicCommunities and Human Settlements::Land Administration
okr.topicInternational Economics and Trade::Trade Policy
okr.unitGLOBAL ENR PM (SENGL)
okr.unitEFI-AFR1-MTI-MacroFiscal-1 (EAEM1)
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