Global warming, irreversibility and learning
Article Abstract:
An analysis reveals that the irreversibility effect cannot be assumed to apply in the case of global warming. The research also shows that the opposite of the irreversibility effect holds true in all parameters value. That is, when more information on the damage costs of global warming is available in the future, the abatement of greenhouse gas emmissions should be lower than when there no possible information is available. The paper analyzes global warming models and their implied irreversibility in an attempt to make the irreversibility concept implied by economists hold.
Publication Name: Economic Journal
Subject: Economics
ISSN: 0013-0133
Year: 1997
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Openness, productivity and growth: what do we really know?
Article Abstract:
A country's overall factor productivity growth is affected by the degree of its economic openness. An analysis of economic data from 93 nations showed that faster productivity growth is achieved by countries with more open economies. Robustness of regressions was observed upon the use of openness indicator, estimation technique, time period and functional form.
Publication Name: Economic Journal
Subject: Economics
ISSN: 0013-0133
Year: 1998
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