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Political Science > Environmental Policy

You are looking at 1 - 3 of 3 items for :

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  • Labor Economics: General x
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Cover IMF Working Papers
Long-Term Macroeconomic Effects of Climate Change: A Cross-Country Analysis
Matthew E. Kahn, Mr. Kamiar Mohaddes, Ryan N. C. Ng, M. Hashem Pesaran, Mr. Mehdi Raissi, and Jui-Chung Yang
We study the long-term impact of climate change on economic activity across countries, using a stochastic growth model where labor productivity is affected by country-specific climate variables—defined as deviations of temperature and precipitation from their historical norms. Using a panel data set of 174 countries over the years 1960 to 2014, we find that per-capita real output growth is adversely affected by persistent changes in the temperature above or below its historical norm, but we do not obtain any statistically significant effects for changes in precipitation. Our counterfactual analysis suggests that a persistent increase in average global temperature by 0.04°C per year, in the absence of mitigation policies, reduces world real GDP per capita by more than 7 percent by 2100. On the other hand, abiding by the Paris Agreement, thereby limiting the temperature increase to 0.01°C per annum, reduces the loss substantially to about 1 percent. These effects vary significantly across countries depending on the pace of temperature increases and variability of climate conditions. We also provide supplementary evidence using data on a sample of 48 U.S. states between 1963 and 2016, and show that climate change has a long-lasting adverse impact on real output in various states and economic sectors, and on labor productivity and employment.
Keywords:
WP; math display; Climate change; economic growth; adaptation; counterfactual analysis; climate variable; effects of climate change; growth-climate change equation; climate variability; growth model; HPJ-FE estimate; country climate-economy variation; weather conditions; climate change adaptation; Production growth; Public expenditure review; Climate policy; Global
Cover IMF Working Papers
The Rule of Law and the Pattern of Environment Protection
Mr. Muthukumara Mani and Mr. Per G. Fredriksson
We develop and test a theory of the rule of law and environmental policy formation. In our model an increase in the degree of rule of law has two opposing partial effects on environmental policy: first, a greater share of policy decisions are implemented according to law; second, industry bribery efforts increase because more is at stake. Moreover, we find that an increase in corruptibility of policymakers lowers the stringency of environmental policy. The empirical findings suggest that a greater degree of rule of law raises environmental policy stringency, but the effect is lower where corruptibility is high.
Keywords:
WP; mover accent; lobby group; least squares
Cover IMF and the Environment
IMF and the Environment
Mr. Ved P. Gandhi

Abstract

In recent years, observers have called on the IMF to pay closer attention to certain issues that do not fall directly within its mandate, such as the environment. This booklet reviews IMF's approach to environmental issues and when and how the IMF integrates environmental concerns into its work.

Keywords:
MTU; country; policy; government; IMF policy recommendation; The Executive Board of the IMF; IMF Policy Framework Papers; stabilization program; policy reform; IMF survey; IMF financial support; adjustment program; IMF mission; ESAF arrangement; Environmental policy; Natural resources; Agroindustries; Global