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Global Warming, Imputed Prices, and Sustainable Development

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  • Hirofumi Uzawa

Abstract

In this paper, we prove in terms of a simple dynamic model of global warming that sustainable time-paths of the atmospheric accumulations of carbon dioxide are obtained as the standard market equilibrium under the system of proportional carbon taxes, where the carbon taxes are levied at the rate that is proportional to the per capita national income of each country, with the discounted present value of the impact coefficient of global warming as the coefficient of proportion.

Suggested Citation

  • Hirofumi Uzawa, 2008. "Global Warming, Imputed Prices, and Sustainable Development," DEGIT Conference Papers c013_014, DEGIT, Dynamics, Economic Growth, and International Trade.
    • Handle: RePEc:deg:conpap:c013_014
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    File URL: http://degit.sam.sdu.dk/papers/degit_13/c013_014.pdf
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    References listed on IDEAS

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    1. Uzawa,Hirofumi, 2008. "Economic Analysis of Social Common Capital," Cambridge Books, Cambridge University Press, number 9780521066495, November.
    2. Uzawa,Hirofumi, 2009. "Economic Theory and Global Warming," Cambridge Books, Cambridge University Press, number 9780521066594, November.
    3. Uzawa, Hirofumi, 1993. "Imputed prices of greenhouse gases and land forests," Renewable Energy, Elsevier, vol. 3(4), pages 499-511.
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