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The Macroeconomics evaluation of Climate Change Model (MECC-Model): The case Study of China

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  • Ruiz Estrada, Mario Arturo

Abstract

Global climate change has a potentially large impact on economic growth but measuring their economic impact is subject to a great deal of uncertainty. The central objective of our paper is to set forth a model – the macroeconomics evaluation of climate change (MECC) model – to evaluate the impact of climate change on GNP growth. The model is based on five basic indicators – (i) the climate change growth rates (αi); (ii) the national climate change vulnerability rate (ΩT); (iii) the climate change magnitude rate (Π); (iv) the economic desgrowth rate (δ); (v) and the CC-Surface. In addition, we apply the MECC Model to the case of China to evaluate its impact on the Chinese economy.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 49158.

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Date of creation: 17 Aug 2013
Date of revision: 18 Aug 2013
Handle: RePEc:pra:mprapa:49158

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Keywords: Climate change; economic desgrowth; China;

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  1. Stephen C Peck & Thomas J. Teisberg, 1992. "CETA: A Model for Carbon Emissions Trajectory Assessment," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1), pages 55-78.
  2. Falk Ita & Mendelsohn Robert, 1993. "The Economics of Controlling Stock Pollutants: An Efficient Strategy for Greenhouse Gases," Journal of Environmental Economics and Management, Elsevier, vol. 25(1), pages 76-88, July.
  3. Ottmar Edenhofer & Carlo Carraro & Jean-Charles Hourcade, 2012. "On the economics of decarbonization in an imperfect world," Climatic Change, Springer, vol. 114(1), pages 1-8, September.
  4. Gunnar Luderer & Valentina Bosetti & Michael Jakob & Marian Leimbach & Jan Steckel & Henri Waisman & Ottmar Edenhofer, 2012. "The economics of decarbonizing the energy system—results and insights from the RECIPE model intercomparison," Climatic Change, Springer, vol. 114(1), pages 9-37, September.
  5. Ruiz Estrada, Mario Arturo, 2011. "Policy modeling: Definition, classification and evaluation," Journal of Policy Modeling, Elsevier, vol. 33(4), pages 523-536, July.
  6. Nils Roll-Hansen, 2013. "A problematic social science approach to the study of climate science," Climatic Change, Springer, vol. 119(3), pages 561-563, August.
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