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

Fabio Eboli, Ramiro Parrado () and Roberto Roson
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Fabio Eboli: Fondazione Eni Enrico Mattei

No 2009.43, Working Papers from Fondazione Eni Enrico Mattei

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: Computable General Equilibrium Models; Climate Change; Economic Growth (search for similar items in EconPapers)
JEL-codes: C68 E27 O12 Q54 Q56 (search for similar items in EconPapers)
Date: 2009-06
New Economics Papers: this item is included in nep-cmp, nep-dge, nep-ene, nep-env and nep-fdg
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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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)
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Persistent link: https://EconPapers.repec.org/RePEc:fem:femwpa:2009.43

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