Pregled bibliografske jedinice broj: 513119
Climate Change Impacts on Economic Growth in the European Union
Climate Change Impacts on Economic Growth in the European Union // The 6th International Conference:“An Enterprise Odyssey: Corporate governance and public policy - path to sustainable future” - Conference Proceedings / Galetić, Lovorka ; Šimurina, Jurica (ur.).
Zagreb: Ekonomski fakultet Sveučilišta u Zagrebu, 2012. str. 24-31 (predavanje, međunarodna recenzija, cjeloviti rad (in extenso), znanstveni)
CROSBI ID: 513119 Za ispravke kontaktirajte CROSBI podršku putem web obrasca
Naslov
Climate Change Impacts on Economic Growth in the European Union
Autori
Yevdokimov, Yuri ; Šohinger, Jasminka ; Herceg, Tomislav
Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni
Izvornik
The 6th International Conference:“An Enterprise Odyssey: Corporate governance and public policy - path to sustainable future” - Conference Proceedings
/ Galetić, Lovorka ; Šimurina, Jurica - Zagreb : Ekonomski fakultet Sveučilišta u Zagrebu, 2012, 24-31
ISBN
978-953-6025-57-2
Skup
The 6th International Conference:“An Enterprise Odyssey: Corporate governance and public policy - path to sustainable future”
Mjesto i datum
Šibenik, Hrvatska, 13.06.2012. - 16.06.2012
Vrsta sudjelovanja
Predavanje
Vrsta recenzije
Međunarodna recenzija
Ključne riječi
climate change; economic growth; European Union; Sollow residuals; panel data analysis
Sažetak
According to the Real Business Cycle (RBC) literature, short-run fluctuations in real output in an economy are mostly driven by productivity shocks. RBC theory analyzes these short-run fluctuations in output in a dynamic general equilibrium framework using a rational utility maximizing representative agent with rational expectations and aggregate production function hit by a variety of productivity shocks. Originally these productivity shocks were thought of in terms of technological innovations. However, with passage of time other types of productivity shocks such as new products and production techniques, new management techniques, changes in the quality of labor and capital, changes in availability of raw materials and energy as well as large environmental impacts have been added to the list. In this study, we expand the definition of productivity shocks to include climate change impacts. Similar to methodology, introduced and described by Blanchard and Quah (1989) on decomposition of productivity shocks, in this study aggregate productivity shock is obtained from Solow residuals and further is decomposed into (i) aggregate, climate-unrelated productivity shock, (ii) climate-related productivity shock, and (iii) other influences.
Izvorni jezik
Engleski
Znanstvena područja
Ekonomija
POVEZANOST RADA
Projekti:
067-0000000-1498 - Liberalizacija kapitalnog računa Hrvatske u procesu pristupanja Europskoj Uniji (Šohinger, Jasminka, MZOS ) ( CroRIS)
Ustanove:
Ekonomski fakultet, Zagreb
