Arbeitspapier
Climate protection versus convergence?
Global economic convergence and protection of the climate are both worthwhile goals. Yet, there is an inherent tension between them. Greenhouse gases are a waste product that is often emitted in the production process. Limiting such emissions therefore hampers the accumulation of income and capital. I expand Solow's growth model to accommodate green house gases, and use this to estimate the contribution of such emissions to economic development. The sobering insight is that we would not have witnessed any convergence in the last 45 years if poorer countries had not increased greenhouse gas emissions.
- Language
-
Englisch
- Bibliographic citation
-
Series: WWZ Working Paper ; No. 2021/12
- Classification
-
Wirtschaft
Environment and Growth
- Subject
-
climate change
convergence
growth theory
growth accounting
green housegases
GHG
carbon emissions
pollution
poverty
natural resources
- Event
-
Geistige Schöpfung
- (who)
-
Lengwiler, Yvan
- Event
-
Veröffentlichung
- (who)
-
University of Basel, Center of Business and Economics (WWZ)
- (where)
-
Basel
- (when)
-
2021
- DOI
-
doi:10.5451/unibas-ep85420
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Lengwiler, Yvan
- University of Basel, Center of Business and Economics (WWZ)
Time of origin
- 2021
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