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Data on European Economies Discussed by Researchers at International Monetary Fund (Effective climate policies in a dynamic North-South model)

August 22, 2014



By a News Reporter-Staff News Editor at Economics Week -- Current study results on European Economies have been published. According to news reporting originating from Washington, District of Columbia, by VerticalNews correspondents, research stated, "The paper develops a two-region endogenous growth model with climate change affecting the countries' capital stocks negatively. We compare two different policies aimed at supporting less developed countries: climate mitigation by developed countries, which moderates the increase in stock pollution and hence capital depreciation, and income transfers in the tradition of development aid."

Our news editors obtained a quote from the research from International Monetary Fund, "Under a mild set of assumptions we find that active climate policies are more efficient for developed economies and also, remarkably, better for developing countries than additional development aid. The main reason is the difference between the two policies with respect to their effects on economic growth."

According to the news editors, the research concluded: "The results are robust with respect to possible model extensions."

For more information on this research see: Effective climate policies in a dynamic North-South model. European Economic Review, 2014;69():59-77. European Economic Review can be contacted at: Elsevier Science Bv, PO Box 211, 1000 Ae Amsterdam, Netherlands. (Elsevier - www.elsevier.com; European Economic Review - www.elsevier.com/wps/product/cws_home/505541)

The news editors report that additional information may be obtained by contacting L. Bretschger, Int Monetary Fund, Washington, DC 20431, United States.

Keywords for this news article include: Washington, United States, European Economies, District of Columbia, North and Central America

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Source: Economics Week


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