Macroeconomic exposure of developing economies to low-carbon transition

Guilherme Magacho, Etienne Espagne, Antoine Godin, Achilleas Mantes and Devrim Yilmaz

World Development, 2023, vol. 167, issue C

Abstract: The low-carbon transition is a specific type of rapid structural change where low-emission industries grow and high-emission industries decline due to deliberate policies, changing preferences and technological change. Developing countries’ macroeconomic exposure to this transition depends upon their reliance on carbon-intensive industries as a source of foreign currency, fiscal revenue, employment and wage income. Identifying these different dimensions of countries’ exposure is important because different green policies need to be applied in different contexts, and the results of these policies will be more or less effective according to countries’ idiosyncrasies.

Keywords: Low-carbon transition; Macroeconomic vulnerabilities; Country risk; Input-output (search for similar items in EconPapers)
JEL-codes: C67 F18 Q58 (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:wdevel:v:167:y:2023:i:c:s0305750x23000499

DOI: 10.1016/j.worlddev.2023.106231

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