An integrated approach to climate change, income distribution, employment, and economic growth

Lance Taylor, Armon Rezai and Duncan Foley

Ecological Economics, 2016, vol. 121, issue C, 196-205

Abstract: A demand-driven growth model involving capital accumulation and the dynamics of greenhouse gas (GHG) concentration is set up to examine macroeconomic issues raised by global warming, e.g. effects on output and employment of rising levels of GHG; offsets by mitigation; relationships among energy use and labor productivity, income distribution, and growth; the economic significance of the Jevons and other paradoxes; sustainable consumption and possible reductions in employment; and sources of instability and cyclicality implicit in the two-dimensional dynamical system. The emphasis is on the combination of biophysical limits and Post-Keynesian growth theory and the qualitative patterns of system adjustment and the dynamics that emerge.

Keywords: Demand-driven growth; Climate change; Demand and distribution; Energy use; Energy productivity; Labor productivity; Employment (search for similar items in EconPapers)
JEL-codes: E12 E2 Q54 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (55)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolec:v:121:y:2016:i:c:p:196-205

DOI: 10.1016/j.ecolecon.2015.05.015

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