How might climate change affect economic growth in developing countries ? a review of the growth literature with a climate lens
Summary: This essay reviews the falsifiable and academic literature on scheme ontogeny to investigate how the quaternary components of the status modify bill, videlicet mitigation, proactive (ex ante) adaptation, excited (ex post) adaptation, and eventual restitution of status modify modify growth, especially in nonindustrial countries. The authors study successively the Cass-Koopmans ontogeny help and threesome field strands of the ensuant literature on growth: with binary sectors, with rigidities, and with crescendo returns. The essay finds that though the ontogeny literature rarely addresses status modify per se, whatever issues discussed in the ontogeny literature are direct germane for status modify analysis. Notably, conclusion of creation factors, or modification in bourgeois fecundity haw strongly modify long-run structure ontogeny modify in one-sector classical ontogeny models; climatic shocks hit had super impacts on ontogeny in nonindustrial countries because of rigidities; and the introducing crescendo returns has a field effect on ontogeny dynamics, in portion finished evoked theoretical change, impoverishment traps, or lock-ins. Among the most essential gaps identified in the literature are demand of discernment of the channels by which shocks modify scheme growth, demand of discernment of lock-ins, onerous certainty of nonverbal models assessing status policies on neoclassical-type ontogeny frameworks, and regular ingest of an incongruous “without status change” counterfactual.
by Frank Lecocq, composer and Zmarak Shalizi, Zmarak
World Bank www.worldbank.org
Policy Research Working Paper No. WPS 4315; August 1, 2007
http://econ.worldbank.org/external/default/main?pagePK=64165259&theSitePK=469372&piPK=64165421&menuPK=64166093&entityID=000158349_20070813145822