Climate Change, Innovation, and Economic Growth: The Contributions of William Nordhaus and Paul Romer

被引：6
|
作者：
Fremstad, Anders [1 ]
Petach, Luke [2 ]
Tavani, Daniele [1 ]
机构：
[1] Colorado State Univ, Ft Collins, CO 80523 USA
[2] Belmont Univ, Nashville, TN USA
来源：
REVIEW OF POLITICAL ECONOMY | 2019年 / 31卷 / 03期
关键词：
Climate change; innovation; growth; Romer; Nordhaus; MONOPOLISTIC COMPETITION; INCREASING RETURNS; PRODUCT VARIETY; MODEL;
D O I：
10.1080/09538259.2019.1663635
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
William Nordhaus and Paul Romer shared the 2018 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for their work on long-run macroeconomic analysis. Nordhaus adapted the neoclassical growth model to study climate change, while Romer developed a model of innovation-based growth. The authors provide two distinct explanations of what drives growth, and employ contrasting methodologies for interpreting the results of their mathematical models. Macroeconomic policy in general, and climate policy in particular, would benefit from better integrating the theory and methods of these two laureates.
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页码：336 / 355
页数：20
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