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

Taylor, Lance and Rezai, Armon and Foley, Duncan K. (2015) An Integrated Approach to Climate Change, Income Distribution, Employment, and Economic Growth*. Ecological Economic Papers, 3. WU Vienna University of Economics and Business, Vienna.

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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.

Item Type: Paper
Additional Information: * This research was conducted under the Research Project on Sustainability, Distribution, and Stability supported by the Institute for New Economic Thinking. Rezai also acknowledges financial support from the OeNB Anniversary Fund (grant no. 15330).
Keywords: Demand-driven growth / climate change / demand and distribution / energy use / energy productivity / labor productivity / employment
Classification Codes: JEL E12, E2, Q54
Divisions: Departments > Sozioökonomie > Ecological Economics
Depositing User: Karin Lagger
Date Deposited: 09 Jun 2015 17:19
Last Modified: 01 Jul 2015 14:32
FIDES Link: https://bach.wu.ac.at/d/research/results/72026/
URI: http://epub.wu.ac.at/id/eprint/4557

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