17 July 2017

Leonardo Garrido visited ASA, IIASA

Leonardo Garrido visited the Advanced Systems Analysis program on 17-28 July, 2017 and gave a talk on "Economic and Welfare Implications of Shocks and Policies Affecting the Provision of Environmental Goods and Services: A Modeling Approach".

© Leonardo Garrido

© Leonardo Garrido

Economic and Welfare Implications of Shocks and Policies Affecting the Provision of Environmental Goods and Services: A Modeling Approach

Understanding the complex relationships between the environment and society, including the consequences of damages or depletion of natural capital on the economy and welfare, remains at the heart of the international development policy agenda, most prominently in United Nations’ Sustainable Development Goals. Efforts in economic research and empirical methods, including the development of models of the economy and its relations with the environment for analyzing alternative scenarios and policy options, have correspondingly increased. Empirical approaches are influenced by a diverse set of circumstances, including, of course, the main policy questions that motivates research, but also the availability of information and researchers’ priors regarding the best approaches for connecting natural phenomena and the socio-economy, including the way the latter is organized and how it responds to stimuli. This research proposes an empirical approach for connecting trends in Natural Capital and the resulting changes in the provision of environmental goods and services, to a representation of the macro-economy, which is, in turn, connected to household structures for welfare analysis. Two examples are presented: A Model for analyzing macro and distributional impacts of policies for sustainability of fisheries in the Philippines, and a Macro-Micro representation for analysis of policies and shocks in Ethiopia.


Leonardo Garrido is a Development Economist with more than 20 years of experience on applied economic research and empirical methods. Leonardo’s main research interests include the dynamics of poverty, inequality and growth; the application of heterodox approaches for understanding complex socio-economic phenomena; and the analysis of constraints to inclusive development in the developing world. Since 2004 Leonardo has served as Senior Consultant for several multilateral and bilateral development organizations, including the World Bank Group, the African Development Bank, the Inter-American Development Bank, the UK Department for International Development and the USAID, having led projects in over 20 countries in support of policy making, mainly in Sub Saharan Africa and the Middle East. Leonardo had previously served as Chief Economist for a Venezuelan Financial Institution (2001-2003), as Head of Economic Research in Venezuela’s Tax Revenue Authority (1994-1998) and as Empirical Economist for a Leading Venezuelan Economic Private Consulting Institution (1990-1993). Leonardo obtained his Economics degree at Universidad Catolica Andres Bello, in Caracas, Venezuela. He obtained a Certificate in International Taxation from Harvard Law School; and a Master degree in Public Administration, from Harvard University, John F. Kennedy School of Government, where he specialized in both macroeconomic and microeconomic analysis.


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Last edited: 19 July 2017

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