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Attitudes Toward Climate Policies in a Macrodynamic Model of the Economy

Marwil Dávila-Fernández and Serena Sordi ()

Department of Economics University of Siena from Department of Economics, University of Siena

Abstract: In a recent article published in Ecological Economics, Guarini and Porcile (2016) expanded the Balance-of-Payments Constraint (BoPC) growth model in order to address the challenges posed by greenhouse gas emissions suggesting a way in which environmental variables can be included in the structure of this family of models. Building on their set up, we incorporate how people with di¤erent environmental attitudes or sentiments influence each other and contribute to the design of environmental policies. We detail the concept of transition probabilities for the agent's switching from pro- to anti-enviromental positions and vice-versa and discuss the macroeconomic results that follow. Numerical simulations allow us to investigate in more detail the implications of the validity of Porter's hypothesis as well as decoupling conditions.

Keywords: Sustainability; Open economy; Environmental innovation; Porter's hypothesis; Thirwall's Law. (search for similar items in EconPapers)
JEL-codes: E12 F43 Q55 Q56 Q57 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cmp, nep-ene and nep-env
Date: 2018-09
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