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The influence of climate on economic growth is a topic of growing interest. Few studies have investigated the potential role that climate hazards and their cumulative effects have on the growth prospects for a country. Due to the relatively stationary spatial patterns of global climate, some...
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simple specification is used in which the economy can produce a single homogeneous consumption good with two different … increasing returns, then the economy may linger at a low level of income indefinitely or it may achieve greater progress but then …
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This paper reviews the empirical and theoretical literature on economic growth to examine how the four components of the climate change bill, namely mitigation, proactive (ex ante) adaptation, reactive (ex post) adaptation, and ultimate damages of climate change affect growth, especially in...
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