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The growth rate of total factor productivity seems to have increased recently, at least in the United States. Higher US productivity growth may justify higher stock market valuations than in the past and thus herald an emerging New Economy. However, the size of the estimated growth rate of total...
Persistent link: https://www.econbiz.de/10010277425
This paper looks empirically at the implications that protectionist measures implemented during the current crisis may have had for a country's ability to attract foreign direct investment. The research utilizes data on such measures that is available from Global Trade Alert, combined with...
Persistent link: https://www.econbiz.de/10010277462
atmospheric concentration of carbon dioxide in the year 2100 by 100 (20-200) ppm. This leads to a higher estimate of the Pigou tax …
Persistent link: https://www.econbiz.de/10010277549
year 2100, while its ratio to the world GDP is 0.0007%. The paper also shows various sensitivity runs exhibiting up to 4 …
Persistent link: https://www.econbiz.de/10010277566
Global climate change will increase outdoor and indoor heat loads, and may impair health and productivity for millions of working people. This study applies physiological evidence about effects of heat, climate guidelines for safe work environments, climate modelling and global distributions of...
Persistent link: https://www.econbiz.de/10010277567
I review the literature on the economic impacts of climate change, an externality that is unprecedentedly large, complex, and uncertain. Only 14 estimates of the total damage cost of climate change have been published, a research effort that is in sharp contrast to the urgency of the public...
Persistent link: https://www.econbiz.de/10010277570
year 2100, while the ratio to world GDP is 0.006%. The US and China account for much of the absolute damage, whereas small …
Persistent link: https://www.econbiz.de/10010277594
stricter than that). International permit trade would encourage large developing countries to reduce emissions, but the trade …
Persistent link: https://www.econbiz.de/10010277613
We impute a global social welfare function that is consistent with the burden sharing in the Kyoto Protocol and in two proposals for a post-Kyoto treaty. The Kyoto Protocol favored the EU. The Frankel proposal for a post-Kyoto treaty continues the favorable treatment of the EU, while the EU...
Persistent link: https://www.econbiz.de/10010277615
It is well-known that the discount rate is crucially important for estimating the social cost of carbon, a standard indicator for the seriousness of climate change and desirable level of climate policy. The Ramsey equation for the discount rate has three components: the pure rate of time...
Persistent link: https://www.econbiz.de/10010277645