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dc.contributor.author
Bretschger, Lucas
dc.contributor.author
Karydas, Christos
dc.date.accessioned
2019-04-25T06:37:16Z
dc.date.available
2019-04-25T06:24:05Z
dc.date.available
2019-04-25T06:37:16Z
dc.date.issued
2013-11
dc.identifier.uri
http://hdl.handle.net/20.500.11850/339423
dc.identifier.doi
10.3929/ethz-a-009992267
dc.description.abstract
We study the effects of greenhouse gas emissions on optimum growth and environmental policy by using an expansion-in-varieties growth model with polluting non-renewable resources. Climate change harms the capital stock. Our main contribution is to introduce and extensively explore the naturally determined time lag between greenhouse gas emission and the damages due to climate change which proves to be crucial for the transition of the economy towards its steady state. The social optimum and optimal abatement policies are fully characterized. The inclusion of a green technology delays optimal resource extraction. The optimal tax rate on emissions is proportional to output. Poor understanding of the emissions diffusion process leads to suboptimal carbon taxes and suboptimal growth and resource extraction.
en_US
dc.format
application/pdf
en_US
dc.language.iso
en
en_US
dc.publisher
ETH Zurich, Center of Economic Research (CER-ETH)
en_US
dc.rights.uri
http://rightsstatements.org/page/InC-NC/1.0/
dc.subject
Non-Renewable Resource Extraction
en_US
dc.subject
Climate Policy
en_US
dc.subject
Optimum Growth
en_US
dc.subject
Pollution Diffusion lag.
en_US
dc.title
Optimum growth and carbon policies with lags in the climate system
en_US
dc.type
Working Paper
dc.rights.license
In Copyright - Non-Commercial Use Permitted
ethz.journal.title
Economics Working Paper Series
ethz.journal.volume
13/184
en_US
ethz.size
30 p.
en_US
ethz.code.ddc
DDC - DDC::3 - Social sciences::330 - Economics
en_US
ethz.code.ddc
DDC - DDC::3 - Social sciences::333.7 - Natural resources, energy and environment
en_US
ethz.code.jel
JEL - JEL::Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics::Q5 - Environmental Economics::Q54 - Climate; Natural Disasters and Their Management; Global Warming
en_US
ethz.code.jel
JEL - JEL::O - Economic Development, Innovation, Technological Change, and Growth::O1 - Economic Development::O11 - Macroeconomic Analyses of Economic Development
en_US
ethz.code.jel
JEL - JEL::Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics::Q5 - Environmental Economics::Q52 - Pollution Control Adoption and Costs; Distributional Effects; Employment Effects
en_US
ethz.code.jel
JEL - JEL::Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics::Q3 - Nonrenewable Resources and Conservation::Q32 - Exhaustible Resources and Economic Development
en_US
ethz.publication.place
Zurich
en_US
ethz.publication.status
published
en_US
ethz.leitzahl
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::03635 - Bretschger, Lucas (emeritus) / Bretschger, Lucas (emeritus)
en_US
ethz.leitzahl
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02045 - Dep. Geistes-, Sozial- u. Staatswiss. / Dep. of Humanities, Social and Pol.Sc.
en_US
ethz.leitzahl.certified
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::03635 - Bretschger, Lucas (emeritus) / Bretschger, Lucas (emeritus)
ethz.relation.isPreviousVersionOf
10.3929/ethz-a-010160300
ethz.date.deposited
2017-06-11T02:41:26Z
ethz.source
ECIT
ethz.source
ECOL
ethz.identifier.importid
imp5936516d6785286104
ethz.identifier.importid
imp59366b47e958941667
ethz.ecolpid
eth:7490
ethz.ecitpid
pub:122318
ethz.eth
yes
en_US
ethz.availability
Open access
en_US
ethz.rosetta.installDate
2019-04-25T06:24:21Z
ethz.rosetta.lastUpdated
2024-02-02T07:43:44Z
ethz.rosetta.versionExported
true
dc.identifier.olduri
http://hdl.handle.net/20.500.11850/77634
dc.identifier.olduri
http://hdl.handle.net/20.500.11850/154137
ethz.COinS
ctx_ver=Z39.88-2004&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.atitle=Optimum%20growth%20and%20carbon%20policies%20with%20lags%20in%20the%20climate%20system&rft.jtitle=Economics%20Working%20Paper%20Series&rft.date=2013-11&rft.volume=13/184&rft.au=Bretschger,%20Lucas&Karydas,%20Christos&rft.genre=preprint&
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