Three Essays on Theories of Economic Growth, Resource Development and Climate Change PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Three Essays on Theories of Economic Growth, Resource Development and Climate Change PDF full book. Access full book title Three Essays on Theories of Economic Growth, Resource Development and Climate Change by Yiyong Cai. Download full books in PDF and EPUB format.
Author: Yiyong Cai
Publisher:
ISBN:
Category : Climatic changes
Languages : en
Pages : 202
Get Book Here
Book Description
This thesis is a collection of essays on theories of economic growth, resource development and climate change. The first essay (Chapter 2) studies the fundamental dynamic properties of stochastic optimal growth models with capital and elastic labour supply. It provides conditions on the primitives of the model under which the optimal policy functions are existent, unique, continuous and monotone. Second, it provides conditions under which the distribution of income converges to a unique invariant probability measure independent of initial income. It also studies when the law of large numbers and central limit theorem hold for functions of income, investment and labour. The second essay (Chapter 3) develops a theoretical model to study the resource curse. In a general equilibrium framework, it relates poor economic performance to the existence of social fractionalisation, market frictions and resource-related conflicts. When resources are monopolised by the elite, exports lead to the under-provision of public resource goods for domestic production. This lowers the marginal return to productive activities, and consequently, insurgency emerges as the civilians' default activity. The resultant conflicts further displace resources and labour, and bring the economy into a vicious cycle. The third essay (Chapter 4) proposes a non-probabilistic approach to the analysis of international climate policies. It argues that issues associated with climate change are historically unprecedented, and thus policymakers do not have a prior distribution over possible outcomes. Therefore, the theoretical framework based on maximising expected utility is not well defined. Under the alternative assumption that policymakers act strategically, but choose the policy that allows the highest possible gain in the worst-case scenario, this essay shows how multilateralism can be inferior to unilateralism in both carbon mitigation and loss minimisation. Hence, it is not appropriate to judge the success of global climate talks in terms of country engagement and reduction commitment. -- provided by Candidate.
Author: Yiyong Cai
Publisher:
ISBN:
Category : Climatic changes
Languages : en
Pages : 202
Get Book Here
Book Description
This thesis is a collection of essays on theories of economic growth, resource development and climate change. The first essay (Chapter 2) studies the fundamental dynamic properties of stochastic optimal growth models with capital and elastic labour supply. It provides conditions on the primitives of the model under which the optimal policy functions are existent, unique, continuous and monotone. Second, it provides conditions under which the distribution of income converges to a unique invariant probability measure independent of initial income. It also studies when the law of large numbers and central limit theorem hold for functions of income, investment and labour. The second essay (Chapter 3) develops a theoretical model to study the resource curse. In a general equilibrium framework, it relates poor economic performance to the existence of social fractionalisation, market frictions and resource-related conflicts. When resources are monopolised by the elite, exports lead to the under-provision of public resource goods for domestic production. This lowers the marginal return to productive activities, and consequently, insurgency emerges as the civilians' default activity. The resultant conflicts further displace resources and labour, and bring the economy into a vicious cycle. The third essay (Chapter 4) proposes a non-probabilistic approach to the analysis of international climate policies. It argues that issues associated with climate change are historically unprecedented, and thus policymakers do not have a prior distribution over possible outcomes. Therefore, the theoretical framework based on maximising expected utility is not well defined. Under the alternative assumption that policymakers act strategically, but choose the policy that allows the highest possible gain in the worst-case scenario, this essay shows how multilateralism can be inferior to unilateralism in both carbon mitigation and loss minimisation. Hence, it is not appropriate to judge the success of global climate talks in terms of country engagement and reduction commitment. -- provided by Candidate.
Author: Dale S. Rothman
Publisher:
ISBN:
Category :
Languages : en
Pages : 270
Get Book Here
Book Description
Author: Stefanie Sieber
Publisher:
ISBN:
Category : Academic theses
Languages : en
Pages : 0
Get Book Here
Book Description
Author: Caroline D. Ditlev-Simonsen
Publisher: Springer Nature
ISBN: 3030882039
Category : Industrial management
Languages : en
Pages : 285
Get Book Here
Book Description
This open access book discusses the challenges and opportunities faced by companies in an age that increasingly values sustainability and demands corporate responsibility. Beginning with the historical development of corporate responsibility, this book moves from academic theory to practical application. It points to ways in which companies can successfully manage their transition to a more responsible, sustainable way of doing business, common mistakes to avoid and how the UN Sustainable Development Goals are integral to any sustainability transformation. Practical cases illustrate key points. Drawing on thirty years of sustainability research and extensive corporate experience, the author provides tools such as a Step-by-Step strategic guide on integrating sustainability in collaboration with stakeholders including employees, customers, suppliers and investors. The book is particularly relevant for SMEs and companies operating in emerging markets. From a broader perspective, the value of externalities, full cost pricing, alternative economic theories and circular economy are also addressed.
Author: Christian Stoll
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Get Book Here
Book Description
Author: Lutz Hendricks
Publisher:
ISBN:
Category :
Languages : en
Pages : 258
Get Book Here
Book Description
Author: Francis Muamba Mulangu
Publisher:
ISBN:
Category :
Languages : en
Pages : 103
Get Book Here
Book Description
Abstract: This dissertation is composed of three essays. The first essay seeks to estimate the impact of climate change on household's welfare on Mt. Kilimanjaro. Unlike previous studies, the approach used in this essay limits the bias from unobservables by applying the analysis in a relatively small geographical area composed of homogeneous farmers with similar cultures, agricultural systems, and market influence. However, these farmers inhabit places that have relatively large differences in rainfall. The data for the analysis were gathered from a random sample of over 200 households in 15 villages and observation posts to measure the precipitation from rainfall were placed in each of the surveyed villages. The results indicate that Mt. Kilimanjaro's agriculture is vulnerable to precipitation variation, especially November precipitations. Farm vulnerability is heterogeneous across space, crops, and monthly precipitation. The study finds some evidence about the ability of irrigation usage to reduce crop vulnerability to precipitation change. With regards to household's welfare, we simulated crop revenue response to a median of seven Global Climate Models (GCMs), and found evidence that climate change will negatively affect household's welfare on Mt. Kilimanjaro. The second essay analyzes the potential benefits of introducing improved irrigation schemes on Mt. Kilimanjaro to help rain-dependent farmers cope with the risks of climate change. The study uses the Contingent Valuation Method (CVM) to elicit farmers' willingness to pay (WTP) for eliminating the risks of crop loss by accessing improved irrigation schemes. The study makes important contributions to both policies in Africa and the applied welfare literature. The policy contribution consists of valuation of improved irrigation in the presence of climate change risks. The applied welfare contribution consists of empirical evidence about the impact of farmers' risk beliefs, and self-protective actions on welfare valuation. The study finds that farmers' expected increase in revenues associated with the improved irrigation scheme will equal the cost of building it within 8 to 10 years. The purpose of the third essay is twofold. First, the essay seeks to determine the potential for soil carbon sequestration on Mt. Kilimanjaro. Second, the essay aims at estimating the marginal cost of sequestering soil carbon on Mt. Kilimanjaro. To answer these questions, the essay develops a Markov decision model that maximizes the net present value (NPV) of farm profit by allowing the farmer to choose optimal farm management subject to crop yield, soil carbon stock, and exogenous carbon price. The essay concludes that there is potential for economically viable carbon sequestration contracts on Mt. Kilimanjaro. At $20 per metric ton of carbon or $8.62 per hectare, 0.085 million metric tons of carbon could be sequestered per year because farmers would find it optimal to practice no-tillage cultivation of grains and retain some crop residues.
Author: Yasser Abdih
Publisher:
ISBN:
Category :
Languages : en
Pages : 194
Get Book Here
Book Description
Author: María Jesús Freire Serén
Publisher:
ISBN:
Category :
Languages : en
Pages : 196
Get Book Here
Book Description
Author: Gernot Doppelhofer
Publisher:
ISBN:
Category :
Languages : en
Pages : 378
Get Book Here
Book Description
