Journal ArticleDOI
On climate change and economic growth
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TLDR
In this article, the authors take a closer look at the dynamic effects of climate change on saving and capital accumulation and find that the capital accumulation effect is more important, relative to the direct effects, if climate change impacts are moderate overall.About:
This article is published in Resource and Energy Economics.The article was published on 2005-01-01. It has received 352 citations till now. The article focuses on the topics: Endogenous growth theory & Climate change.read more
Citations
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Journal ArticleDOI
The Economic Effects of Climate Change
TL;DR: Greenhouse gas emissions are fundamental both to the world's energy system and to its food production as discussed by the authors, and they are the mother of all externalities: larger, more complex, and more uncertain than any other environmental problem.
Journal ArticleDOI
Climate Change Policy: What Do the Models Tell Us?
TL;DR: A plethora of integrated assessment models (IAMs) have been constructed and used to estimate the social cost of carbon (SCC) and evaluate alternative abatement policies, but these models have crucial flaws that make them close to useless as tools for policy analysis as mentioned in this paper.
Journal ArticleDOI
Assessing Dangerous Climate Change Through an Update of the Intergovernmental Panel on Climate Change (IPCC) "Reasons for Concern"
Joel B. Smith,Stephen H. Schneider,Michael Oppenheimer,Gary W. Yohe,William Hare,Michael D. Mastrandrea,Anand Patwardhan,Ian Burton,Jan Corfee-Morlot,Christopher H. D. Magadza,Hans-Martin Füssel,A. Barrie Pittock,Atiq Rahman,Avelino Suarez,Jean-Pascal van Ypersele +14 more
TL;DR: Revisions of the sensitivities of the RFCs to increases in GMT and a more thorough understanding of the concept of vulnerability that has evolved over the past 8 years are described.
Journal ArticleDOI
Risk aversion, time preference, and the social cost of carbon
TL;DR: In this article, the Stern Review reported a social cost of carbon of over $300/tC, calling for ambitious climate policy, and they conducted a systematic sensitivity analysis of this result on two crucial parameters: the rate of pure time preference and risk aversion.
Journal ArticleDOI
The Structure of Economic Modeling of the Potential Impacts of Climate Change: Grafting Gross Underestimation of Risk onto Already Narrow Science Models
TL;DR: A new generation of models is needed in all three of climate science, impact and economics with a still stronger focus on lives and livelihoods, including the risks of large-scale migration and conflicts as mentioned in this paper.
References
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Journal ArticleDOI
A Contribution to the Empirics of Economic Growth
TL;DR: The authors examined whether the Solow growth model is consistent with the international variation in the standard of living, and they showed that an augmented Solow model that includes accumulation of human as well as physical capital provides an excellent description of the cross-country data.
Book
Climate Change 2001: Impacts, Adaptation, and Vulnerability
TL;DR: In this paper, the authors set the stage for impact, adaptation, and vulnerability assessment of climate change in the context of sustainable development and equity, and developed and applied scenarios in Climate Change Impact, Adaptation, and Vulnerability Assessment.
ReportDOI
Endogenous Technological Change
TL;DR: In this paper, the authors show that the stock of human capital determines the rate of growth, that too little human capital is devoted to research in equilibrium, that integration into world markets will increase growth rates, and that having a large population is not sufficient to generate growth.
Posted Content
Endogenous Technological Change
TL;DR: In this paper, the authors show that the stock of human capital determines the rate of growth, that too little human capital is devoted to research in equilibrium, that integration into world markets will increase growth rates, and that having a large population is not sufficient to generate growth.
Book
Innovation and growth in the global economy
Gene M. Grossman,Elhanan Helpman +1 more
TL;DR: Grossman and Helpman as discussed by the authors developed a unique approach in which innovation is viewed as a deliberate outgrowth of investments in industrial research by forward-looking, profit-seeking agents.