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Economic growth and climate change : many trajectories, many destinations
Steger, Thomas M.; Trimborn, Timo - 2024
the simplified DICE through the lens of growth theory. We analytically show that this model exhibits a continuum of saddle …
Persistent link: https://www.econbiz.de/10014514947
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Education, growth and income inequality
Teulings, Coen N.; Rens, Thijs van - 2002
When types of workers are imperfect substitutes, the Mincerian rate of return to human capital is negatively related to the supply of human capital. We work out a simple model for the joint evolution of output and wage dispersion. We estimate this model using cross-country panel data on GDP and...
Persistent link: https://www.econbiz.de/10011408972
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Climate damages in convergence-consistent growth projections
Harding, Tony; Moreno Cruz, Juan; Quaas, Martin F.; … - 2023
Projections of climate change damages based on climate-econometric estimates suggest that, without mitigation, global warming could reduce average global incomes by over 20% towards the end of the century (Burke et al., 2015). This figure significantly surpasses climate damages in Integrated...
Persistent link: https://www.econbiz.de/10014292777
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The environmental and macroeconomic effects of socially responsible investment
Dam, Lammertjan (contributor); Heijdra, Ben J. (contributor) - 2008
We analyze the effects of socially responsible investment and public abatement on environmental quality and the economy in a continuous-time dynamic growth model featuring optimizing households and firms. Environmental quality is modelled as a renewable resource. Consumers can invest in...
Persistent link: https://www.econbiz.de/10003730310
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Physiological constraints and comparative economic development
Dalgaard, Carl-Johan; Strulik, Holger - 2017
the world today. It is perhaps less well known that as recently as 1500 C.E. it was the other way around. The present … paper provides a theory of why the "latitude gradient" seemingly changed sign in the course of the last half millennium. In … economic development during pre-industrial times, yet allow for an early onset of sustained growth. As a result, the theory …
Persistent link: https://www.econbiz.de/10011774936
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The great divergence : a network approach
Lindner, Ines; Strulik, Holger - 2015
We present a multi-country theory of economic growth in which countries are connected by a network of mutual knowledge … knowledge throughout the world explains a period of increasing world inequality after the take-off of the forerunners of the … industrial revolution, followed by decreasing relative inequality. Knowledge diffusion through a Small World network explains the …
Persistent link: https://www.econbiz.de/10011397182
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Nature, power, and growth
Thorvaldur Gylfason - 2001
This essay reviews the relationship between natural-resource abundance and economic growth around the world, and …
Persistent link: https://www.econbiz.de/10011397924
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Natural resources and economic growth : what is the connection?
Thorvaldur Gylfason - 2001
This paper reviews the relationship between natural resources and economic growth, and stresses how natural capital tends to crowd out foreign capital, social capital, human capital, andphysical capital, thereby impeding economic growth across countries and presumably also over time....
Persistent link: https://www.econbiz.de/10011399567
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The economic effects of international sanctions : an event study
Gutmann, Jerg; Neuenkirch, Matthias; Neumeier, Florian - 2021
Although international sanctions are a widely used instrument of coercion, their economic effects are still not fully understood. This study uses a novel dataset and an event study approach to evaluate the economic consequences of international sanctions, thereby accounting for pre-treatment...
Persistent link: https://www.econbiz.de/10012500430
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The macroeconomics of clean energy subsidies
Casey, Gregory; Jeon, Woongchan; Traeger, Christian - 2023
We study clean energy subsidies in a quantitative climate-economy model. Clean en-ergy subsidies decrease carbon emissions if and only if they lower the marginal product of dirty energy. The constrained-efficient subsidy equals the marginal external cost of dirty energy multiplied by the...
Persistent link: https://www.econbiz.de/10014444067