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Geography Rules Too! Economic Development and the Geography of Institutions
Bosker, Erik Maarten; Garretsen, Harry - 2021
economic development, notably institutions and geography. This paper sheds a different light on these determinants. We use … spatial econometrics to analyse the importance of the geography of institutions. We show that it is not only absolute … geography, in terms of for instance climate, but also relative geography, the spatial linkages between countries, that matters …
Persistent link: https://www.econbiz.de/10013317516
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Sustainable Climate Treaties
Gersbach, Hans - 2017
We examine long-run treaties for mitigating climate change. Countries pay an initial fee into a global fund that is invested in long-run assets. In each period, part of the fund is distributed among the participating countries in relation to the emission reductions they have achieved in this...
Persistent link: https://www.econbiz.de/10012958888
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Public Policies Against Global Warming
Sinn, Hans-Werner - 2013
Judged by the principle of intertemporal Pareto optimality, insecure property rights and the greenhouse effect both imply overly rapid extraction of fossil carbon resources. A gradual expansion of demand-reducing public policies - such as increasing ad-valorem taxes on carbon consumption or...
Persistent link: https://www.econbiz.de/10012753836
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On Welfare Frameworks and Catastrophic Climate Risks
Millner, Antony - 2021
Recent theoretical work in the economics of climate change has suggested that climate policy is highly sensitive to ‘fat-tailed’ risks of catastrophic outcomes (Weitzman, 2009b). Such risks are suggested to be an inevitable consequence of scientific uncertainty about the effects of increased...
Persistent link: https://www.econbiz.de/10013315705
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Climate Policies : A Burden or a Gain?
Bréchet, Thierry; Tulkens, Henry - 2021
That climate policies are costly is evident and therefore often creates major fears. But the alternative (no action) also has a cost. Mitigation costs and damages incurred depend on what the climate policies are; moreover, they are substitutes. This brings climate policies naturally in the realm...
Persistent link: https://www.econbiz.de/10013315810
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On International Equity Weights and National Decision Making on Climate Change
Anthoff, David; Tol, Richard S. J. - 2021
Estimates of the marginal damage costs of carbon dioxide emissions require the aggregation of monetised impacts of climate change over people with different incomes and in different jurisdictions. Implicitly or explicitly, such estimates assume a social welfare function and hence a particular...
Persistent link: https://www.econbiz.de/10013316482
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Stranded Assets, the Social Cost of Carbon, and Directed Technical Change : Macroeconomic Dynamics of Optimal Climate Policy
van der Ploeg, Rick - 2016
warming on growth, mean reversion in climate damages, steady labour-augmenting technical progress, specific green technical … progress driven by learning by doing, population growth, and a direct effect of the stock of atmospheric carbon on …
Persistent link: https://www.econbiz.de/10012996198
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Climate Policy Enhances Efficiency : A Macroeconomic Portfolio Effect
Siegmeier, Jan - 2015
Carbon pricing regulates emission flows and collects rents from underlying fossil resource stocks. The resulting investment shift implies lower climate policy costs and improved welfare if capital is underaccumulated. We prove that under emission trading, such a beneficial macroeconomic...
Persistent link: https://www.econbiz.de/10013029498
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Human Capital Formation and Global Warming Mitigation : Evidence from an Integrated Assessment Model
Carraro, Carlo; De Cian, Enrica; Tavoni, Massimo - 2021
and it assesses the interplay between innovation, human capital, climate change, and education policies. Results indicate …
Persistent link: https://www.econbiz.de/10013316280
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On the Finite Sample Properties of Pre-Test Estimators of Spatial Models
Piras, Gianfranco - 2014
This paper explores the properties of pre-test strategies in estimating a linear Cliff-Ord-type spatial model when the researcher is unsure about the nature of the spatial dependence. More specifically, the paper explores the finite sample properties of the pre-test estimators introduced in...
Persistent link: https://www.econbiz.de/10013054957