| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP17368 |
| DP17368 Greenhouse Gas Mitigation and Price-driven Growth in a Baumol-Solow-Swan Economy | |
| Michael Burda; Leopold Zessner-Spitzenberg | |
| 发表日期 | 2022-06-07 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | The existence of an environmental limit changes fundamentally the nature of economic growth. When atmospheric greenhouse gases reach a predetermined absolute threshold, further growth requires a permanently expanding, resource-intensive mitigation effort. We incorporate anthropogenic climate change and its mitigation into the Solow-Swan growth model and show that if the rate of technical progress in mitigation fails to exceed a critical value, the economy behaves as described by Baumol (1967). Economic growth in this regime is then driven by technological progress in mitigation and the dynamics of its relative price. Even in the extreme case that long-run growth of produced output converges to zero, the growth rate of GDP measured in terms of produced goods does not. |
| 主题 | Macroeconomics and Growth |
| 关键词 | Solow-swan growth model Baumol model Anthropogenic climate change Mitigation Price-driven economic growth |
| URL | https://cepr.org/publications/dp17368 |
| 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/546420 |
| 推荐引用方式 GB/T 7714 | Michael Burda,Leopold Zessner-Spitzenberg. DP17368 Greenhouse Gas Mitigation and Price-driven Growth in a Baumol-Solow-Swan Economy. 2022. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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