Climate Change and Uneven Development

Bretschger, Lucas and Valente, Simone (2011) Climate Change and Uneven Development. Scandinavian Journal of Economics, 113 (4). pp. 825-845. ISSN 0347-0520

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In this paper, using a theoretical model with endogenous capital depreciation, we study the effects of climate change and adaptation on long-run development. We show that climate change affects economic growth depending on climate exposure and adaptation efficiency, which are asymmetric between different countries. Poor countries are likely to be hurt more, because of the negative effects of climate change on the rate of depreciation of the assets that represent the engine of growth. These asymmetries generally induce growth deficits and unsustainability traps in less-developed economies.

Item Type: Article
Uncontrolled Keywords: climate adaptation,climate change,endogenous growth,pollution,uneven development
Faculty \ School: Faculty of Social Sciences > School of Economics
Related URLs:
Depositing User: Pure Connector
Date Deposited: 24 Sep 2016 00:57
Last Modified: 22 Apr 2020 01:45
DOI: 10.1111/j.1467-9442.2011.01676.x

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