Climate Change Feedback on Economic Growth: Explorations with a Dynamic General Equilibrium Model

Fabio Eboli, Ramiro Parrado () and Roberto Roson

No 52339, Sustainable Development Papers from Fondazione Eni Enrico Mattei (FEEM)

Abstract: Human-generated greenhouse gases depend on the level of economic activity. Therefore, most climate change studies are based on models and scenarios of economic growth. Economic growth itself, however, is likely to be affected by climate change impacts. These impacts affect the economy in multiple and complex ways: changes in productivity, resource endowments, production and consumption patterns. We use a new dynamic, multi-regional Computable General Equilibrium (CGE) model of the world economy to answer the following questions: Will climate change impacts significantly affect growth and wealth distribution in the world? Should forecasts of human-induced greenhouse gases emissions be revised, once climate change impacts are taken into account? We found that, even though economic growth and emission paths do not change significantly at the global level, relevant differences exist at the regional and sectoral level. In particular, developing countries appear to suffer the most from climate change impacts.

Keywords: Environmental; Economics; and; Policy (search for similar items in EconPapers)
Pages: 26
Date: 2009-06
References: Add references at CitEc
Citations: View citations in EconPapers (17)

Downloads: (external link)
https://ageconsearch.umn.edu/record/52339/files/43-09.pdf (application/pdf)

Related works:
Journal Article: Climate-change feedback on economic growth: explorations with a dynamic general equilibrium model (2010)
Working Paper: Climate Change Feedback on Economic Growth: Explorations with a Dynamic General Equilibrium Model (2009)
Working Paper: Climate Change Feedback on Economic Growth: Explorations with a Dynamic General Equilibrium Model (2008)
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: https://EconPapers.repec.org/RePEc:ags:feemdp:52339

DOI: 10.22004/ag.econ.52339

Access Statistics for this paper

More papers in Sustainable Development Papers from Fondazione Eni Enrico Mattei (FEEM) Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().