Non-cooperative and cooperative responses to climate catastrophes in the global economy: a North-South perspective
"The global response to a catastrophic shock to productivity which becomes more imminent with global warming is to have carbon taxes to curb the risk of a calamity and to accumulate precautionary capital to facilitate smoothing of consumption. Our multi-region model of growth and climate change...
| Main Authors: | , |
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| Institution: | ETUI-European Trade Union Institute |
| Format: | TEXT |
| Language: | English |
| Published: |
Oxford
2015
University of Oxford |
| Subjects: | |
| Online Access: | https://www.labourline.org/KENTIKA-19114339124919325119-Non-cooperative-and-cooperativ.htm |
| _version_ | 1771659901790060546 |
|---|---|
| author | van der Ploeg, Frederick de Zeeuw, Aart |
| author_facet | van der Ploeg, Frederick de Zeeuw, Aart |
| collection | Library items |
| description | "The global response to a catastrophic shock to productivity which becomes more imminent with global warming is to have carbon taxes to curb the risk of a calamity and to accumulate precautionary capital to facilitate smoothing of consumption. Our multi-region model of growth and climate change indicates that without international lump-sum transfers the cooperative global response to such stochastic tipping points requires converging carbon taxes for developing and developed regions. Non-cooperative responses lead to a bit more precautionary saving and lower diverging carbon taxes. Precautionary capital suffers less from international free-rider problems than the carbon taxes. We illustrate the various outcomes with a calibrated North-South model of the global economy." |
| format | TEXT |
| geographic | developed countries developing countries |
| id | 19114339124919325119_e2b55e42e406405790f61dad3ff8c247 |
| institution | ETUI-European Trade Union Institute |
| is_hierarchy_id | 19114339124919325119_e2b55e42e406405790f61dad3ff8c247 |
| is_hierarchy_title | Non-cooperative and cooperative responses to climate catastrophes in the global economy: a North-South perspective |
| language | English |
| physical | 34 p. Digital |
| publishDate | 2015 |
| publisher | Oxford University of Oxford |
| spellingShingle | van der Ploeg, Frederick de Zeeuw, Aart climate change economic growth gas emission international cooperation productivity taxation Non-cooperative and cooperative responses to climate catastrophes in the global economy: a North-South perspective |
| thumbnail | https://www.labourline.org/Image_prev.jpg?Archive=108410292669 |
| title | Non-cooperative and cooperative responses to climate catastrophes in the global economy: a North-South perspective |
| topic | climate change economic growth gas emission international cooperation productivity taxation |
| url | https://www.labourline.org/KENTIKA-19114339124919325119-Non-cooperative-and-cooperativ.htm |