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How do you feel about going green?

Author

Listed:
  • Marwil J. Dávila-Fernández
  • Alessia Cafferata
  • Serena Sordi

Abstract

Climate change is real. However, contrary to the near global consensus among the scientific community, international public opinion has moved in recent decades from increasing awareness to polarisation within and between nations. To the best of our knowledge, a comprehensive assessment of these trajectories formally addressing the interaction between agents and the (macro)economy is still missing. It is our purpose to ll such a gap in the literature by developing an agent-based model that allows for feedback effects between sentiments, environmental regulation and macroeconomic outcomes in an open economy set-up. Furthermore, we estimate the so-called green-Thirlwall law for a sample of 12 OECD countries between 1970 and 2014. Our findings confirm that Nordic countries have taken the lead in implementing green solutions. In terms of policy implications, we show that scientific literacy is a necessary but not sufficient condition for achieving a green-growth equilibrium. Policy makers should increase the public's response to Green House Gas emissions taking into account the fact that a successful communication strategy is conditional upon audience motivation

Suggested Citation

  • Marwil J. Dávila-Fernández & Alessia Cafferata & Serena Sordi, 2020. "How do you feel about going green?," Department of Economics University of Siena 831, Department of Economics, University of Siena.
    • Handle: RePEc:usi:wpaper:831
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    More about this item

    Keywords

    Climate change; green-growth; Thirlwall's law; Porter's hypothesis; motivated reasoning.;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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