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Sustainable Growth and the Green Golden Rule

Beltratti, Andrea - 1993

We study a growth model with an environmental asset which is a source of utility and an input to consumption and production. The stock of this asset follows its own ecological dynamics, which are affected by economic activity. We study the implications of an approach to ranking sequences of...

Persistent link: https://www.econbiz.de/10012474520

The Role of Nonemployers in Business Dynamism and Aggregate Productivity

Bento, Pedro - 2019

A decline in the net entry rate of employer firms in the United States in the last decades, a decline in business dynamism, may explain the observed productivity slowdown. We consider the role of nonemployers, businesses without paid employees, in business dynamism and aggregate productivity....

Persistent link: https://www.econbiz.de/10012479947

How Economic Development Influences the Environment

Jayachandran, Seema - National Bureau of Economic Research - 2021

Reducing global poverty and addressing climate change and other environmental crises are among the most important challenges facing humanity today. This review article discusses one way in which these problems are intertwined: economic development affects the environment. I synthesize recent...

Persistent link: https://www.econbiz.de/10012616638

Climatic Constraints on Aggregate Economic Output

Burke, Marshall - 2019

Efficient responses to climate change require accurate estimates of both aggregate damages and where and to whom they occur. While specific case studies and simulations have suggested that climate change disproportionately affects the poor, large-scale direct evidence of the magnitude and...

Persistent link: https://www.econbiz.de/10012479729

Pareto-Improving Carbon-Risk Taxation

Kotlikoff, Laurence J. - 2020

Anthropogenic climate change produces two conceptually distinct negative economic externalities. The first is an expected path of climate damage. The second, which is this paper's focus, is an expected path of economic risk. To isolate the climate-risk problem, we consider mean-zero, symmetric...

Persistent link: https://www.econbiz.de/10012481877

What Are the Costs of Meeting Distributional Objectives for Climate Policy?

Parry, Ian W.H. - 2010

This paper develops an analytical model to quantify the costs and distributional effects of various fiscal options for allocating the (large) rents created under prospective cap-and-trade programs to reduce domestic, energy-related CO2 emissions. The trade-off between cost effectiveness and...

Persistent link: https://www.econbiz.de/10012462171

Taxes, Permits, and Climate Change

Kaplow, Louis - 2010

This essay revisits the question of instrument choice for the regulation of externalities in the context of climate change. The central point is that the Pigouvian prescription to equate marginal control costs with the expected marginal benefits of damage reduction should guide the design of...

Persistent link: https://www.econbiz.de/10012462388

GHG Targets as Insurance Against Catastrophic Climate Damages

Weitzman, Martin L. - 2010

A critical issue in climate-change economics is the specification of the so-called "damages function" and its interaction with the unknown uncertainty of catastrophic outcomes. This paper asks how much we might be misled by our economic assessment of climate change when we employ a conventional...

Persistent link: https://www.econbiz.de/10012462520

Trade Growth, Production Fragmentation, and China's Environment

Dean, Judith M. - 2008

production within these goods. Using Chinese official environmental data on air and water pollution, and official trade data, we … relatively cleaner, highly fragmented sectors, and (3) the pollution intensity of Chinese exports has fallen dramatically between … standard model of the pollution intensity of trade, we develop a model that explicitly introduces production fragmentation into …

Persistent link: https://www.econbiz.de/10012464787

Economic Growth and the Environment : A Review of Theory and Empirics

Brock, William A. - 2004

potentially refutable predictions on abatement costs, pollution levels, or emission intensities …

Persistent link: https://www.econbiz.de/10012467835