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This paper studies a dynamic stochastic general equilibrium model involving climate change. Our frame- work allows for feedback effects on the temperature dynamics. We are able to match estimates of future temperature distributions provided in the fifth assessment report of the IPCC (2014). We...
Persistent link: https://www.econbiz.de/10012064284
This paper studies a dynamic stochastic general equilibrium model involving climate change. Our model allows for damages on economic growth resulting from global warming. In the calibration, we capture effects from climate change and feedback effects on the temperature dynamics. We solve for the...
Persistent link: https://www.econbiz.de/10010495010
This paper studies a dynamic stochastic general equilibrium model involving climate change. Our frame- work allows for feedback effects on the temperature dynamics. We are able to match estimates of future temperature distributions provided in the fifth assessment report of the IPCC (2014). We...
Persistent link: https://www.econbiz.de/10012061866
This paper studies a dynamic stochastic general equilibrium model involving climate change. Our model allows for damages on economic growth resulting from global warming. In the calibration, we capture effects from climate change and feedback effects on the temperature dynamics. We solve for the...
Persistent link: https://www.econbiz.de/10011211257
projections can be resolved by accounting for growth convergence in a climate-econometric approach that is consistent with the …-level economic growth, our convergence-consistent projections reveal that under an unmitigated warming scenario, global climate …
Persistent link: https://www.econbiz.de/10014377464
This paper examines the stationarity of carbon dioxide (CO2) emissions per capita for a set of 36 countries covering the period 1870-2006. We employ recently developed unit root and stationarity tests that allow for the mean reverting process to be nonlinear and take into account cross sectional...
Persistent link: https://www.econbiz.de/10010500249
convergence across LAC countries. Argentina defines the frontier in LAC and TFP convergence is found across all South American …
Persistent link: https://www.econbiz.de/10011535715
convergence across LAC countries. Argentina defines the frontier in LAC and TFP convergence is found across all South American …
Persistent link: https://www.econbiz.de/10011339428
This paper examines the stationarity of carbon dioxide (CO2) emissions per capita for a set of 36 countries covering the period 1870-2006. We employ recently developed unit root and stationarity tests that allow for the mean reverting process to be nonlinear and take into account cross sectional...
Persistent link: https://www.econbiz.de/10009791590
designed, remained unanswered. From an economic perspective, this requires us to test for the existence of convergence in the … CO2 intensity of GDP because the convergence is one of the most important intrinsic economic characteristics that policy … makers should take into account: if the convergence exists, the provinces with a higher CO2 intensity of GDP tend to …
Persistent link: https://www.econbiz.de/10011210540