The DOI matches its Crossref record; 49 of the 49 references it cites were found in a registry or an index.
Endogenous Growth, Convexity of Damage and Climate Risk: How Nordhaus' Framework Supports Deep Cuts in Carbon Emissions
Open accessAbstract
‘To slow or not to slow’ (Nordhaus, 1991) was the first economic appraisal of greenhouse gas emissions abatement and founded a large literature on a topic of worldwide importance. We offer our assessment of the original article and trace its legacy, in particular Nordhaus's later series of ‘DICE’ models. From this work, many have drawn the conclusion that an efficient global emissions abatement policy comprises modest and modestly increasing controls. We use DICE itself to provide an initial illustration that, if the analysis is extended to take more strongly into account three essential elements of the climate problem – the endogeneity of growth, the convexity of damage and climate risk – optimal policy comprises strong controls. Nordhaus, W.D. (1991). ‘To slow or not to slow: the economics of the greenhouse effect’, Economic Journal, vol. 101(407), pp. 920–37.
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Cites
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The Economics of Climate Change: The Stern Review
Stern, N. (2007) · doi:10.1017/cbo9780511817434 · Cited by 8,371
Self-citationThe Economic Implications of Learning by Doing
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Arrow, K. J. (1971) · Readings in the Theory of Growth · doi:10.1007/978-1-349-15430-2_11 · Cited by 6,605
Tipping elements in the Earth’s climate system
Lenton, T. M., Held, H., Kriegler, E., Hall, J. W., Lucht, W., Rahmstorf, S., & Schellnhuber, H. J. (2008) · Proceedings of the National Academy of Sciences · doi:10.1073/pnas.0705414105 · Cited by 3,982
An early Cenozoic perspective on greenhouse warming and carbon-cycle dynamics
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Cited by
Griscom, B. W., Adams, J., Ellis, P. W., Houghton, R. A., Lomax, G., Miteva, D. A., Schlesinger, W. H., Shoch, D., Siikamäki, J. V., Smith, P., et al. (2017) · Proceedings of the National Academy of Sciences · doi:10.1073/pnas.1710465114 · Cited by 3,481
‘Climate value at risk’ of global financial assets
Dietz, S., Bowen, A., Dixon, C., & Gradwell, P. (2016) · Nature Climate Change · doi:10.1038/nclimate2972 · Cited by 694
Self-citationTemperature impacts on economic growth warrant stringent mitigation policy
Moore, F. C., & Diaz, D. B. (2015) · Nature Climate Change · doi:10.1038/nclimate2481 · Cited by 575
Pricing Carbon for Climate Justice
Sayegh, A. G. (2019) · Ethics, Policy & Environment · doi:10.1080/21550085.2019.1625532 · Cited by 24
Zapf, M., Pengg, H., & Weindl, C. (2019) · Energies · doi:10.3390/en12152983 · Cited by 22
Metadata
- Authors
- Dietz, S., & Stern, N.
- Venue
- The Economic Journal
- Publisher
- Oxford University Press (OUP)
- Published
- 2015-03-01
- Volume
- 125
- Issue
- 583
- Pages
- 574-620
- ISSN
- 0013-0133 (ISSN-L)
- 1468-0297
- OpenAlex
- W3121371609
- Cited by
- 409
- References
- 49
- FWCI
- 76.88
- Type
- journal article
- Language
- en
- Open access
- hybrid
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- Dietz, S., & Stern, N. (2015). Endogenous Growth, Convexity of Damage and Climate Risk: How Nordhaus' Framework Supports Deep Cuts in Carbon Emissions. The Economic Journal. https://doi.org/10.1111/ecoj.12188
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
