Can Economic Activities Lead to Climate Chaos? An Economic Analysis on Global Warming

Zhiqi Chen

Canadian Journal of Economics, 1997, vol. 30, issue 2, pages 349-66

Abstract: This paper presents a two-sector dynamic general equilibrium model in which the productivity of the agricultural sector depends on the atmospheric temperature, which in turn is influenced by the activities of the manufacturing sector. The equilibrium time paths of the world economy and temperature depend on the rate at which the Earth sheds heat. If this decay is too small, the dynamic interaction between the climate system and the market mechanism, both of which are stable in isolation, may lead to cycles or even chaos. Furthermore, economic growth may push the world economy and temperature from a stable stead state into a cyclical or chaotic time path.

Date: 1997
References: Add references at CitEc
Citations View citations in EconPapers (5) Track citations by RSS feed

Downloads: (external link)
http://links.jstor.org/sici?sici=0008-4085%2819970 ... EALTC%3E2.0.CO%3B2-Y (text/html)
only available to JSTOR subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:cje:issued:v:30:y:1997:i:2:p:349-66

Ordering information: This journal article can be ordered from
http://economics.ca/en/membership.php

Access Statistics for this article

Canadian Journal of Economics is edited by David Green

More articles in Canadian Journal of Economics from Canadian Economics Association
Address: Canadian Economics Association Prof. Steven Ambler, Secretary-Treasurer c/o Olivier Lebert, CEA/CJE/CPP Office C.P. 35006, 1221 Fleury Est Montréal, Québec, Canada H2C 3K4
Contact information at EDIRC.
Series data maintained by Prof. Werner Antweiler ().