The adaptive investment effect: evidence from Chinese provinces
Accepted version
Peer-reviewed
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Repository DOI
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Authors
Mohaddes, Kamiar https://orcid.org/0000-0002-2501-2062
Williams, RJ
Abstract
This paper investigates the “adaptive investment effect”, a redirection of investment towards adaptive capital in order to mitigate the negative effects of climate change. We find that the impact of investment on economic growth is reduced by between 27% and 37% in Chinese provinces investing more in adaptive capital. This implies that the benefits from mitigation policies are greater than existing studies suggest.
Description
Keywords
Climate change, Adaptation, Investment, China
Journal Title
Economics Letters
Conference Name
Journal ISSN
0165-1765
1873-7374
1873-7374
Volume Title
193
Publisher
Elsevier