Dr. Jing Liu is an applied economist at Purdue University and the Global Trade Analysis Project (GTAP). After obtaining her PhD degree from Purdue University, now she mainly works with “world’s leading CGE economists”, like Thomas W. Hertel and Dominique van der Mensbrugghe to develop the economic analysis model of natural hazards and climate change. She is a key contributor of GTAP-BIO-W model. Her recent research has focused on the nexus of water-land-food-climate and natural hazards and their impacts on global and regional economies. Dr. Liu led and published research articles in various reputable academic journals including Global Environmental Change (5-YEAR IF=7.784), Climatic Change (2014 IF=3.430) and Food Policy (top journal in the area of agricultural economics). She has also given invited talks at the International Food Policy Research Institute (IFPRI), The Federal Reserve Bank of Kansas City, and the Diagnostics and Inter-Model Comparisons meeting organized by Stanford University.
This talk discusses two opposing aspects of future water variability –water scarcity and flooding, as well as their economic implications. It is composed of two recently published inter-disciplinary studies: “International trade buffers the impact of future irrigation shortfalls” (Liu et al., 2014) and “Future property damage from flooding: sensitivities to economy and climate change” (Liu et al., 2015).The first one applies a water-focused global CGE model GTAP-BIO-W to study the impacts of future irrigation shortfall on trade, crop output and land use change. The second one uses econometric analysis to investigate the attributions of property damage from flooding caused by extreme weather events.