Climate Protection versus Economic Convergence?

Lengwiler, Yvan. (2021) Climate Protection versus Economic Convergence? WWZ Working Paper, 2021 (12). Basel.

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Global economic convergence and protection of the climate are both worthwhile goals. Yet, there is an inherent tension between them. Greenhouse gases are a waste product that is often emitted in the production process. Limiting such emissions therefore hampers the accumulation of income and capital. I expand Solow's growth model to accommodate green house gases, and use this to estimate the contribution of such emissions to economic development. The sobering insight is that we would not have witnessed any convergence in the last 45 years if poorer countries had not increased greenhouse gas emissions.
Faculties and Departments:06 Faculty of Business and Economics > Departement Wirtschaftswissenschaften > Professuren Wirtschaftswissenschaften > Finanzmärkte (Lengwiler)
12 Special Collections > WWZ Publications > WWZ Discussion Papers and Working Papers
UniBasel Contributors:Lengwiler, Yvan
Item Type:Working Paper
Number of Pages:40
Note:Publication type according to Uni Basel Research Database: Discussion paper / Internet publication
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  • handle: RePEc:bsl:wpaper:2021/12
edoc DOI:
Last Modified:28 Jan 2022 08:49
Deposited On:07 Dec 2021 08:00

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