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| Registros recuperados: 15 | |
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| Tsur, Yacov; Zemel, Amos. |
| Under risk of abrupt climate change, the occurrence hazard is added to the social discount rate. As a result, the social discount rate (i) increases and (ii) turns endogenous to the global warming policy. The second effect bears profound policy implications that are magnified by economic growth. In particular, we find that greenhouse gases (GHG) emission should be terminated at a finite time so that the ensuing occurrence risk will vanish in the long run. Due to the public bad nature of the catastrophic risk, the second effect is ignored in a competitive allocation and unregulated economic growth will give rise to excessive emissions. In fact, the GHG emission paths under the optimal and competitive growth regimes lie at the extreme ends of the range of... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Abrupt climate change; Hazard rate; Discounting; Economic growth; Emission policy; H23; H41; O13; O40; Q54; Q58. |
| Ano: 2008 |
URL: http://purl.umn.edu/37944 |
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| Funke, Michael; Niebuhr, Annekatrin. |
| We study an overlapping generations model of human capital accumulation with threshold effects using regional data for West Germany. Our basic goal is to shed light on the growth of West German regions. The paper finds that the relative income distribution appears to be stratifying into a trimodal distribution. Thus, application of the threshold model to a real world case, here West Germany, shows that the model might help to explain regional growth patterns. Ausgangspunkt der Analyse ist ein Modell überlappender Generationen der Humankapitalakkumulation mit Schwellenwert-Effekten. Die empirische Überprüfung des Modells basiert auf einem regionalen Datensatz für Westdeutschland. Das zentrale Ziel der Untersuchung ist es, Erkenntnisse zum Wachstum... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Regional Economic Growth; Human Capital; Germany; Labor and Human Capital; J24; O40; R11; C31. |
| Ano: 2001 |
URL: http://purl.umn.edu/26141 |
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| Holmes, Mark J.. |
| This study assesses long-run real per capita output convergence among selected Latin American countries. The empirical investigation, however, is based on an alternative approach. Strong convergence is determined on the basis of the first largest principal component, based on income differences with respect to a chosen base country, being stationary. The qualitative outcome of the test is invariant to the choice of base country and, compared to alternative multivariate tests for long-run convergence, this methodology places less demands on limited data sets. Using annual data for the period 1960-2000, strong convergence is confirmed for the Central American Common Market. However, an amended version of the test confirms weaker long-run convergence in the... |
| Tipo: Journal Article |
Palavras-chave: Output convergence; Latin America; Common trends; F15; O19; O40; O54. |
| Ano: 2005 |
URL: http://purl.umn.edu/37134 |
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| Adu, George. |
| This paper examines the effect of environmental policy on economic growth in a small open economy in a neoclassical framework with pollution as an input. We show that environmental policy imposes a drag on long run growth in both the open and closed economy cases. The effect of environmental policy on growth is stronger in the open economy case relative to the closed economy model if the country has strong aversion to pollution and thus serves as a net exporter of capital in the international capital market. On the other hand, if the agents in the economy have low aversion to pollution and thus import capital, the effect of environmental care on growth is stronger in the closed economy relative to the open economy. Thus, from our set-up, environmental... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Economic growth; Pollution tax; Capital-output ratio; Open economy; Capital flight; Environmental Economics and Policy; O40; O41; Q56. |
| Ano: 2011 |
URL: http://purl.umn.edu/118225 |
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| Ranis, Gustav. |
| This paper reviews the literature on the impact of ethnic diversity on economic development. Ethnically polarized societies are less likely to agree on the provision of public goods and more likely to engage in rent seeking activities providing lower levels of social capital. Initial conditions are important determinants of adverse development outcomes. The role of decentralization, democracy and markets as potential remedies are discussed. The paper then presents a number of preliminary hypotheses on the relationship between diversity and instability in order to stimulate future research. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Africa; Diversity; Economic Growth; Instability; International Development; O11; O40; O43; O55. |
| Ano: 2009 |
URL: http://purl.umn.edu/54531 |
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| Gould, Eric D.; Moav, Omer; Simhon, Avi. |
| This paper examines why developed countries are monogamous while rich men throughout history have tended to practice polygyny (multiple wives). Wealth inequality naturally produces multiple wives for rich men in a standard model of the marriage market. This paper argues that the sources of inequality, not just the level of inequality, determine the equilibrium degree of monogamy or polygamy. In particular, when inequality is determined more by disparities in human capital versus non-labor income (such as land, capital, corruption), the outcome is more monogamous. This explains why developed countries, where human capital is the main source of income and inequality, are monogamous while less-developed economies tend to be polygynous. The results are... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Marriage; Monogamy; Polygyny; Human Capital; Inequality; J12; J24; O10; O40; Labor and Human Capital. |
| Ano: 2003 |
URL: http://purl.umn.edu/14992 |
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| Aldy, Joseph E.. |
| Understanding and considering the distribution of per capita carbon dioxide (CO2) emissions is important in designing international climate change proposals and incentives for participation. I evaluate historic international emissions distributions and forecast future distributions to assess whether per capita emissions have been converging or will converge. I find evidence of convergence among 23 member countries of the Organisation for Economic Co-operation and Development (OECD), whereas emissions appear to be diverging for an 88-country global sample over 1960-2000. Forecasts based on a Markov chain transition matrix provide little evidence of future emissions convergence and indicate that emissions may diverge in the near term. I also review the... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Emissions distributions; Environmental Kuznets curve; Markov chain transition matrix; Environmental Economics and Policy; O40; Q54; Q56. |
| Ano: 2005 |
URL: http://purl.umn.edu/10773 |
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| Registros recuperados: 15 | |
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