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This paper reviews both theory and empirical work on economic growth and the environment. We develop four simple growth models to help us identify key features generating sustainable growth. We show how some combination of technological progress in abatement, intensified abatement, shifts in the...
Persistent link: https://www.econbiz.de/10012467835
Fears that globalization necessarily hurts the environment are not well-founded. A survey reveals little statistical evidence, on average across countries, that openness to international trade undermines national attempts at environmental regulation through a race to the bottom' effect. If...
Persistent link: https://www.econbiz.de/10012468604
For the last ten years environmentalists and the trade policy community have engaged in a heated debate over the environmental consequences of liberalized trade. The debate was originally fueled by negotiations over the North American Free Trade Agreement and the Uruguay round of GATT...
Persistent link: https://www.econbiz.de/10012468875
Using a new specification, we reanalyze the data on worldwide environmental quality investigated by Gene Grossman and Alan Krueger in a well-known paper on the environmental Kuznets curve (which postulates an inverse U shaped relationship between income level and pollution). The new...
Persistent link: https://www.econbiz.de/10012470730
-income relationship. We show that the environmental Kuznets curve can be derived directly from the technological link between consumption …
Persistent link: https://www.econbiz.de/10012472075
We provide new estimates of the importance of growth rate and uncertainty shocks for developed countries. The shocks we estimate are large and correspond to well-known macroeconomic episodes such as the Great Moderation and the productivity slowdown. We compare our results to earlier estimates...
Persistent link: https://www.econbiz.de/10012460531
of an issue. Second, we explore inequality measures within the CE using the value of vehicles owned, a consumption … Study of Income Dynamics to explore the dynamics of alternative measures of consumption inequality. All of our different … methods yield similar results. We find that consumption inequality within the U.S. between 1980 and 2010 has increased by …
Persistent link: https://www.econbiz.de/10012460677
We estimate an empirical model of consumption disasters using a new panel data set on personal consumer expenditure for … consumption of about 30%, but that roughly half of this decline is reversed in a subsequent recovery. Uncertainty about … consumption growth increases dramatically during disasters. Our estimated model generates a sizable equity premium from disaster …
Persistent link: https://www.econbiz.de/10012462731
and consumption. Most integrated assessment models (IAMs) relate temperature to the level of real GDP and consumption, but … uncertainty over future temperature change and its impact? I address these questions by estimating the fraction of consumption …
Persistent link: https://www.econbiz.de/10012462960
evidence is not as "shovel ready" as one would like. Although consumption and investment clearly respond to tax incentives and …
Persistent link: https://www.econbiz.de/10012463242