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This paper surveys the state of the economic literature examining the aggregate impacts of natural disasters. The paper reviews the main disaster data sources available, discusses the determinants of the direct effects of disasters, and distinguishes between short- and long-run indirect effects....
Persistent link: https://www.econbiz.de/10010696415
Developing countries are vulnerable to the adverse effects of climate change, yet there is disagreement about what they should do to protect themselves from antic- ipated damages. In particular, it is unclear what the optimal balance is between investments in traditional productive capital...
Persistent link: https://www.econbiz.de/10011126276
on sustainable economic growth in SSA using nonparametric regression techniques. We establish the following: the …
Persistent link: https://www.econbiz.de/10010929134
generation subject to a given future rate of growth. The computed paths have a QuoL higher than the year 2000 level for all … allocated to consumption and leisure are similar to the reference ones. Higher growth rates require substantial increases in the …
Persistent link: https://www.econbiz.de/10008620426
of low emissions compatible with sustainable levels of human welfare? With steady growth in human quality of life … of the first generation subject to achieving a given, constant rate of growth in all subsequent generations. Hence, our … paths entailing very low emissions in the future, positive rates of growth in QuoL are possible while the first generation …
Persistent link: https://www.econbiz.de/10010547230
that leads to the stabilization of concentrations at 450 ppm. (2) North and South converge to a path of sustained growth at … year while Souths rates of growth are markedly higher. The transition paths require a drastic reduction of the share of … education in South. Surprisingly, in order to sustain Norths utility growth rate, some output must be transferred from South to …
Persistent link: https://www.econbiz.de/10010547479
Sustainability has been largely replaced by discounted utilitarianism in contemporary climate-change economics. Our approach rejuvenates sustainability by expanding the conception of the quality of life, along the lines of the UN Human Development Reports, to include not only consumption, but...
Persistent link: https://www.econbiz.de/10010575242
Mankind must cooperate to reduce greenhouse gas (GHG) emissions to prevent a catastrophic rise in global temperature, with its concomitant effects on sea level, rainfall, drought, storms, agricultural production, and human migration. What is the appropriate way of evaluating how the costs of...
Persistent link: https://www.econbiz.de/10010611339
Climate science indicates that climate stabilization requires low GHG emissions. Is this consistent with nondecreasing human welfare?
Persistent link: https://www.econbiz.de/10011056137
uninsurable labor income risk, and economic growth in a small open overlapping-generations economy with heterogeneous agents. It … impact of higher inequality on the aggregate human capital stock, and thus, on growth may be positive. This result rests on …
Persistent link: https://www.econbiz.de/10005822202