“…GCMs (Bosello & Zhang, 2005;Nelson et al, 2009;Rosegrant et al, 2008;Thurlow, Zhu, & Diao, 2012), stochastic drought and flood models (Pauw, Thurlow, & Van Seventer, 2010), global environmental models (Calzadilla et al, 2011) and agro-ecological models (Fernandes, Soliman, Confalonieri, Donatelli, & Tubiello, 2012) are used to project main physical impacts under different climate scenarios. Then these changes are fed into special impact models, such as crop growth models (Bosello & Zhang, 2005), biophysical models (Ciscar et al, 2009;Nelson et al, 2009;Rosegrant et al, 2008;Thurlow et al, 2012) and econometric models (Pauw et al, 2010) that are used to translate the results of GCMs to economic impacts. Lastly, partial equilibrium models (Nelson et al, 2009;Rosegrant et al, 2008) and CGE models at the global (Bosello & Zhang, 2005;Calzadilla et al, 2011), regional (Ciscar et al, 2009;Fernandes et al, 2012) or country (Pauw et al, 2010;Thurlow et al, 2012) level are frequently used for the economic analysis.…”