An Integrated Approach to Climate Change, Income Distribution, Employment, and Economic Growth*

Lance Taylor, Armon Rezai and Duncan Foley

No 3, Ecological Economic Papers from WU Vienna University of Economics and Business

Abstract: A demand-driven growth model involving capital accumulation and the dynamics of greenhouse gas (GHG) concentration is set up to examine macroeconomic issues raised by global warming, e.g. effects on output and employment of rising levels of GHG; offsets by mitigation; relationships among energy use and labor productivity, income distribution, and growth; the economic significance of the Jevons and other paradoxes; sustainable consumption and possible reductions in employment; and sources of instability and cyclicality implicit in the twodimensional dynamical system. The emphasis is on the combination of biophysical limits and Post- Keynesian growth theory and the qualitative patterns of system adjustment and the dynamics that emerge.

Keywords: Demand-driven growth; climate change; demand and distribution; energy use; energy productivity; labor productivity; employment (search for similar items in EconPapers)
Date: 2015-03
New Economics Papers: this item is included in nep-ene, nep-env and nep-pke
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Citations: View citations in EconPapers (1)

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Related works:
Journal Article: An integrated approach to climate change, income distribution, employment, and economic growth (2016)
Working Paper: An Integrated Approach to Climate Change, Income Distribution, Employment, and Economic Growth* (2015)
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