| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP10870 |
| DP10870 Non-Cooperative and Cooperative Responses to Climate Catastrophes in the Global Economy: A North-South Perspective | |
| Frederick van der Ploeg; Aart De Zeeuw | |
| 发表日期 | 2015-10-11 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | The optimal response to a potential productivity shock 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. This paper investigates how differences between regions in terms of their vulnerability to climate change and their stage of development affect the cooperative and non-cooperative responses to this aspect of climate change. It is shown that the cooperative response to these stochastic tipping points requires converging carbon taxes for developing and developed regions. The non-cooperative response leads to a bit more precautionary saving and diverging carbon taxes. We illustrate the various outcomes with a simple stylized North-South model of the global economy. |
| 主题 | Macroeconomics and Growth |
| 关键词 | Global warming Tipping point Precautionary capital Growth Risk avoidance Carbon tax Free riding International cooperation Asymmetries |
| URL | https://cepr.org/publications/dp10870 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/539700 |
| 推荐引用方式 GB/T 7714 | Frederick van der Ploeg,Aart De Zeeuw. DP10870 Non-Cooperative and Cooperative Responses to Climate Catastrophes in the Global Economy: A North-South Perspective. 2015. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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