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factor productivity. The paper develops empirical growth models that allow for this effect in a more flexible way than …
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assumes climate change has equal impacts on the productivity of firms that produce consumption and investment goods or … services. We show the split between damage to consumption and investment productivity matters for the dynamic consequences of …
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endowments and productivity, relative factor costs emerge as a source of real-income variation across countries. These are shaped … "residual" productivity required to explain the observed per-capita income differences by more than one half. …
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To gain insights into the mechanisms that shape the interaction between economic growth and climate change, we analyze the simplified DICE through the lens of growth theory. We analytically show that this model exhibits a continuum of saddle-point stable steady states, a property that carries...
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things equal. Increased participation in higher education enhances productivity progress and is accompanied by rising wage …
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