Showing 1 - 10 of 100
Climate change must deal with two market failures, global warming and learning by doing in renewable use. The social optimum requires an aggressive renewables subsidy in the near term and a gradually rising carbon tax which falls in long run. As a result, more renewables are used relative to...
Persistent link: https://www.econbiz.de/10011084685
We study the relationship between geography and growth. To do so, we first develop a dynamic spatial growth theory with realistic geography. We characterize the model and its balanced growth path and propose a methodology to analyze equilibria with different levels of migration frictions. We...
Persistent link: https://www.econbiz.de/10011252617
adaptation and mitigation expenditures in a cost-effective setting in which countries cooperate to achieve a long … different adaptation modes (reactive and anticipatory), mitigation, and capacity building to analyse the optimal portfolio of … investments in mitigation followed by large adaptation expenditures a few decades later. Hence, the possibility to adapt does not …
Persistent link: https://www.econbiz.de/10011083452
We build a two-sector dynamic general equilibrium model with one-sided substitutability between fossil carbon and biocarbon. One shock only, the discovery of the technology to use fossil fuels, leads to a transition from an inital pre-industrial phase to three following phases: a pure fossil...
Persistent link: https://www.econbiz.de/10011083327
We estimate how random weather fluctuations affected infant mortality across 28 African countries in the past, combining high-resolution data from retrospective fertility surveys (DHS) and climate-model reanalysis (ERA-40). We find that infants were much more likely to die when exposed in utero...
Persistent link: https://www.econbiz.de/10011083660
This paper examines future energy and emissions scenarios in China generated by the Integrated Assessment Model WITCH. A Business-as-Usual scenario is compared with five scenarios in which Greenhouse Gases emissions are taxed, at different levels. The elasticity of China’s emissions is...
Persistent link: https://www.econbiz.de/10011084331
This paper builds a two-country (North, South), two-sector (polluting, nonpolluting) trade model with directed technical change, examining whether unilateral environmental policies can ensure sustainable growth. The polluting good is produced with a clean and a dirty input. I show that a...
Persistent link: https://www.econbiz.de/10011084402
magnitude of carbon leakage effects, likely to be induced by differences in climate mitigation policies, may be less than feared … in some circles. Trade policy, however, will play a role in implementing climate mitigation policies in two areas … initial mitigation would first take place unilaterally or in small groups, as under the early days of the GATT, is the most …
Persistent link: https://www.econbiz.de/10011084722
complement carbon pricing (taxes or permit trading) and improve the economic efficiency of a mitigation policy package? To answer … combination with other mitigation policies. Even under fairly optimistic assumptions about the funding available for, and the …
Persistent link: https://www.econbiz.de/10008468637
This paper develops a model that integrates the climate and the global economy---an integrated assessment model---with which different policy scenarios can be analyzed and compared. The model is a dynamic stochastic general-equilibrium setup with a continuum of regions. Thus, it is a full...
Persistent link: https://www.econbiz.de/10011084727