Knowing the Damages is not Enough: The General Equilibrium Impacts of Climate Change

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Kalkuhl, Matthias; Edenhofer, Ottmar;
  • Publisher: Center for Economic Studies and Ifo Institute (CESifo) Munich
  • Subject: O41 | O44 | O13 | O14 | Q54 | Q56 | dual economy | adaptation | multi-sector growth model | general equilibrium | factor income | distribution
    • ddc: ddc:330

We show that economies may exhibit a strong endogenous macroeconomic adaptation response to climate change. If climate change induces a structural change to the more productive sector, economies can benefit from climate change though productivities in both sectors are r... View more
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