2015/03/01 by Lance Taylor, Taylor, Lance, Armon Rezai +3
Economics, Econometrics and Finance · Energy · #Climate Change Policy and Economics #Economic Theory and Policy #Global Energy and Sustainability Research
paper · doi:10.57938/f723d678-7e10-4ef7-9115-03337494ea35
openalex publication_date 2015/03/01 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/23
A demand-driven growth model involving capital accumulation and the dynamics of <br/>greenhouse gas (GHG) concentration is set up to examine macroeconomic issues raised by global <br/>warming, e.g. effects on output and employment of rising levels of GHG; offsets by mitigation; <br/>relationships among energy use and labor productivity, income distribution, and growth; the <br/>economic significance of the Jevons and other paradoxes; sustainable consumption and possible <br/>reductions in employment; and sources of instability and cyclicality implicit in the twodimensional <br/>dynamical system. The emphasis is on the combination of biophysical limits and Post- <br/>Keynesian growth theory and the qualitative patterns of system adjustment and the dynamics that <br/>emerge.