Though there is a very large literature examining whether energy use Granger causes economic output or vice versa this literature is fairly inconclusive. Almost all existing studies use relatively short time series or panels with a relatively small time dimension. Additionally, many recent...

The degree of substitutability assumed between inputs in production and commodities in consumption is one of the key factors that might affect the range of predicted climate mitigation costs. We explore how and by how much assumptions about elasticities of substitution affect estimates of the...

We test for causality between radiative forcing and temperature using multivariate time series models and Granger causality tests that are robust to the non-stationary (trending) nature of global climate data. We find that both natural and anthropogenic forcings cause temperature change and also...

Economists have recently begun to consider the questions raised by the ecological concept of resilience – a measure of the degree to which a system can be perturbed before it switches from one stability domain to another. At a theoretical level, it has been argued that the loss of resilience...