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to economic development and growth is still at its infancy. In order to facilitate further necessary research on this …
Persistent link: https://www.econbiz.de/10008550017
Natural disasters have a statistically observable adverse impact on the macro-economy in the short-run. Not surprisingly, costlier events cause more pronounced slowdowns in production. Yet, interestingly, developing countries, and smaller economies, face much larger output declines following a...
Persistent link: https://www.econbiz.de/10010285298
We examine impact of natural disasters on annual output and output growth in Vietnam. Using provincial data for primary … on the macro-economy. Results show that more lethal disasters result in lower output growth but that more costly …
Persistent link: https://www.econbiz.de/10005025604
disasters on a panel of 113 countries and its relationship with economic growth using data ranging from 1960 to 1996. The … rate of GDP growth in the period between 1960 and 1996. These effects range from a decrease of 0.9% to an increase of 0 …
Persistent link: https://www.econbiz.de/10005014523
the relationship between different measures of natural disaster impact and long-run economic growth. The sample is …
Persistent link: https://www.econbiz.de/10008543195
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/10010318844
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
Maximin) criterion, and, second, the Sustainable Growth Optimization criterion, that maximizes the utility of the first … generation subject to a given future rate of growth. We apply these criteria to our calibrated model via a novel algorithm … reference ones. On the other hand, higher growth rates require substantial increases in the fraction of labor devoted to …
Persistent link: https://www.econbiz.de/10005708011
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