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Macroeconomics and the Environment : A Selective Survey
Sen, Partha - 2020
question is how to introduce natural resource use in national income accounts to give meaning to the notion of sustainability …? National income accounts do not take into account non-market activities. Some progress has been made in the theory and … empirical implementation of sustainability by including non-market activities. A lot of work has been done but a lot more still …
Persistent link: https://www.econbiz.de/10012839360
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Environmental Economics : The 50th Anniversary of the Birth of this Field around the First Earth Day
Fullerton, Don - 2020
How was the birth of "Environmental Economics" related to the first Earth Day fifty years ago (April 22, 1970)? This short note introduces some ideas about an amazing burst of intellectual activity from 1968 to 1974. Environmental economics was not a field of economics before this brief period,...
Persistent link: https://www.econbiz.de/10012841931
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Characterizing Sustainability in Discrete Time
Asheim, Geir B. - 2018
We examine the investment rule that must be satisfied by an efficient and egalitarian path in a discrete-time version of the Dasgupta-Heal-Solow model of capital accumulation and resource depletion. In the discrete-time model, competitive valuation of net investments in terms of early and late...
Persistent link: https://www.econbiz.de/10012908689
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Environmental policy and the macroeconomy under shallow-lake dynamics
Heijdra, Ben J.; Heijnen, Pim - 2009
We study the environmental and economic effects of public abatement in the presence of multiple stable steady-state ecological equilibria. Under shallow-lake dynamics (SLD), the isocline for the stock of pollution features two stable branches, a good and a bad one. Assuming that the ecology is...
Persistent link: https://www.econbiz.de/10010274231
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Green Governments
Potrafke, Niklas; Wuthrich, Kaspar - 2021
We examine how Green governments influence macroeconomic, education, and environmental outcomes. We exploit that the … 2011. Using the synthetic control method, we find no evidence that the Green government influenced macroeconomic outcomes …. Inclusive education policies caused comprehensive schools to become larger. The results do not suggest that the Green government …
Persistent link: https://www.econbiz.de/10013227483
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Discounting in the Presence of Scarce Ecosystem Services
Zhu, Xueqin - 2019
Discounting has to take account of ecosystem services in consumption and production. Previous literature focuses on the first aspect and shows the importance of the relative price effect, for given growth rates of consumption and ecosystem services. This paper focuses on intermediate ecosystem...
Persistent link: https://www.econbiz.de/10012892067
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Testing the Dismal Theorem
Anthoff, David; Tol, Richard S.J - 2021
Weitzman's Dismal Theorem has that the expected net present value of a stock problem with a stochastic growth rate with unknown variance is unbounded. Cost-benefit analysis can therefore not be applied to greenhouse gas emission control. We use the Generalized Central Limit Theorem to show that...
Persistent link: https://www.econbiz.de/10013239336
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On the Elasticity of Substitution between Labor and ICT and IP Capital and Traditional Capital
Jerbashian, Vahagn - 2022
I estimate CES aggregate production functions for the US, the UK, Japan, Germany, and Spain using data from the EU KLEMS database. I distinguish between three types of capital: information and communication technologies (ICT), intellectual property (IP) capital, and traditional capital. I assume...
Persistent link: https://www.econbiz.de/10014243755
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Simple Rules for Climate Policy and Integrated Assessment
van der Ploeg, Rick - 2018
A simple integrated assessment framework that gives rules for the optimal carbon price, transition to the carbon-free era and stranded carbon assets is presented, which highlights the ethical, economic, geophysical and political drivers of optimal climate policy. For the ethics we discuss the...
Persistent link: https://www.econbiz.de/10012908688
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Strategic Environmental Policy and the Mobility of Firms
Richter, Philipp M. - 2019
The loss of international competitiveness of domestic industries remains a key obstacle to the implementation of effective carbon prices in a world without harmonized climate policies. We analyze countries’ non-cooperative choices of emissions taxes under imperfect competition and mobile...
Persistent link: https://www.econbiz.de/10012889684