SSRN Wei Jin

Capital Accumulation, Green Paradox, and Stranded Assets by Wei Jin

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Capital Accumulation, Green Paradox, and Stranded Assets

Author : Wei Jin

Publisher : SSRN

Published : 2019

ISBN-10 :

ISBN-13 :

Number of Pages : 54 Pages

Language : en

Descriptions Capital Accumulation, Green Paradox, and Stranded Assets

The existing studies on Green Paradox and stranded assets focus on dirty exhaustible assets (fossil fuel reserves) and show that environmental regulations, by changing the costs of dirty inputs relative to clean ones, lead to replacements of the former by the latter and stranding of dirty assets due to perfect substitution. It, in turn, induces acceleration of dirty resource extractions and pollution emissions for fear of dirty assets becoming stranded - the Green Paradox effect. This paper uses an endogenous growth framework to revisit the problem of Green Paradox and stranded assets by taking a new perspective that focuses on capital accumulation with investment irreversibility. We show that if 1) direct irreversibility of investment does not rule out the indirect channel of converting dirty capital goods into clean ones through final goods allocations, and 2) interactions between dirty and clean capital as imperfect substitutes can generate reciprocal effects, then environmental regulation, through directing investment towards clean capital, does not necessarily leads to asset stranding of dirty capital. Accumulation of clean capital with a pollution-saving effect offsets the polluting impact of dirty one and leads to reversed Green Paradox. We further propose an endogenous growth mechanism through which the accumulation of both dirty and clean capital, as well as environmental improvement, can be sustained in the long run without converging to the steady state.

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Results Capital Accumulation, Green Paradox, and Stranded Assets

Stranded assets - ResearchGate - The literature scarcely covers the implications of stranded assets and resources for 'latecomers' to development. ... Capital Accumulation, Green Paradox, and Stranded Assets: An Endogenous

EconStor: Capital accumulation, green paradox, and stranded assets: An - EconStor is a publication server for scholarly economic literature, provided as a non-commercial public service by the ZBW

Capital Accumulation, Green Paradox, and Stranded Assets ... - ResearchGate - Request PDF | On Jan 1, 2019, Wei Jin and others published Capital Accumulation, Green Paradox, and Stranded Assets: An Endogenous Growth Perspective | Find, read and cite all the research you

Stranded Assets: How Policy Uncertainty affects Capital, Growth, and - The paper considers stochastic environmental policy and its effects on the environment, portfolio composition, and economic growth. Capital accumulation causes pollution which is reduced by private green services and public abatement. The government subsidizes green services and taxes dirty capital albeit at a rate which may become random, causing unexpected capital write-offs. Tax jumps

Capital Accumulation - an overview | ScienceDirect Topics - Das, in International Encyclopedia of Human Geography, 2009 Capital and Space: Capital's Crisis-Spatiality. Capital accumulation and its relation to space cannot be looked at without a serious attention to the contradictory character of capital. There are four major types of contradiction. Each of these is a dimension of the main contradiction: the contradiction between social relations

PDF Stranded Assets: How Policy Uncertainty affects Capital, Growth, and - Stranded Assets: o Polic ncertaint a ects apital, roth, 263 1 3 the perspective of production, capital which is used jointly with fossil fuels as an input to production is potentially aected by environmental policy. Hence, in the non-oil countries, most of the stranded assets belong to companies that use "dirty" machines, machinery

Capital accumulation, green paradox, and stranded assets : an - The existing studies on Green Paradox and stranded assets focus on dirty exhaustible assets (fossil fuel reserves) and show that environmental regulations, by changing the costs of dirty inputs relative to clean ones, lead to replacements of the former by the latter and stranding of dirty assets

Capital Accumulation, Green Paradox, and Stranded Assets: An - Downloadable! The existing studies on Green Paradox and stranded assets focus on dirty exhaustible assets (fossil fuel reserves) and show that environmental regulations, by changing the costs of dirty inputs relative to clean ones, lead to replacements of the former by the latter and stranding of dirty assets due to perfect substitution. It, in turn, induces acceleration of dirty resource

Climate Policy and Stranded Carbon Assets: A Financial Persp - "Capital Accumulation, Green Paradox, and Stranded Assets: An Endogenous Growth Perspective," Working Papers 2018.33, Fondazione Eni Enrico Mattei. Jin, Wei & Zhang, ZhongXiang, 2019. " Capital Accumulation, GreeParadox, and Stranded Assets: An Endogenous Growth Perspective ," ETA: Economic Theory and Applications 281286, Fondazione Eni Enrico

EconPapers: Capital Accumulation, Green Paradox, and Stranded Assets - Capital Accumulation, Green Paradox, and Stranded Assets: An Endogenous Growth Perspective. ... Abstract: The existing studies on Green Paradox and stranded assets focus on dirty exhaustible assets (fossil fuel reserves) and show that environmental regulations, by changing the costs of dirty inputs relative to clean ones, lead to replacements

What is Internal contradictions of capital accumulation - What you need to know about internal contradictions of capital accumulation. According to the theory, in a capitalist economy wages will eventually fall due to outsourcing and offshoring of production. Corporate profits then increase proportionately to the fall in wages. To keep this growth in profits going, it becomes necessary to sell more goods

EconPapers: Capital Accumulation, GreeParadox, and Stranded Assets: An - Capital Accumulation, GreeParadox, and Stranded Assets: An Endogenous Growth Perspective. Wei Jin and ZhongXiang Zhang. No 281286, ETA: Economic Theory and Applications from Fondazione Eni Enrico Mattei (FEEM) Abstract: The existing studies on Green Paradox and stranded assets focus on dirty exhaustible assets (fossil fuel reserves) and show that environmental regulations, by changing the

How to manage stranded costs in energy transition - Green capital investors look to management for signals that the company is serious about the energy transition, even if as they continue to make some investments in fossil-fuel assets that may

Capital Accumulation, Green Paradox, and Stranded Assets: An Endogenous - Agenda 2030 and Sustainable Development; Climate Change Adaptation; Econometrics of the Energy Transition; Labour in the Low-carbon Transition; Modelling the Energy Transition

Why the Paris Agreement poses major stranded asset risk to ... - Greenbiz - September 7, 2021. More than 22 million acres of land earmarked for potential palm oil cultivation in Indonesia risks becoming stranded assets if investments and regulations shift towards supporting the global climate goals set out in the Paris Agreement, new research suggests. Should the world respond to deforestation's role in fueling climate

Author Page for Wei Jin :: SSRN - Capital Accumulation, Green Paradox, and Stranded Assets: An Endogenous Growth Perspective. FEEM Working Paper No. 33.2018 Number of ... Downloads 44 (504,021) View PDF; Download; Abstract: Endogenous Growth, Green Paradox, Stranded Assets, Capital Accumulation, Imperfect Substitution, Investment Irreversibility. Feedback. Submit a Paper

Capital Accumulation, Green Paradox, and Stranded Assets: An Endogenous - Abstract. The existing studies on Green Paradox and stranded assets focus on dirty exhaustible assets (fossil fuel reserves) and show that environmental regulations, by changing the costs of dirty inputs relative to clean ones, lead to replacements of the former by the latter and stranding of dirty assets due to perfect substitution

Capital Accumulation, Green Paradox, and Stranded Assets: An ... - Bepress - Capital Accumulation, Green Paradox, and Stranded Assets: An Endogenous Growth Perspective 033.2018 Wei Jin, ZhongXiang Zhang November 201 8 Working ... Key words: Endogenous Growth; Green Paradox; Stranded Assets; Capital Accumulation; Imperfect Substitution; Investment Irreversibility JEL Classification: Q54; Q43; Q32; O13; O44; C61 1 4

PDF Working Paper - Amazon Web Services - Capital Accumulation, Green Paradox, and Stranded Assets: An Endogenous Growth Perspective Wei Jin1,2,3, ZhongXiang Zhang1,2, 1 Ma Yinchu School of Economics, Tianjin University, China 2 China Academy of Energy, Environmental and Industrial Economics, China 3 School of Economics, UNSW Business School, Australia Corresponding author: ZhongXiang Zhang, Founding Dean and

Coal as Stranded Assets: Potential Climate-related Transition Risk and - This industry is likely to engender stranded asset risks in the future since the economic viability of these projects is still in doubt with the need for various incentives from the government. The coal upstream/mining industry also has the potential to become stranded assets where the proven reserves must remain below the surface of the earth

Capital Accumulation, Green Paradox, and Stranded Assets: An Endogenous - The existing studies on Green Paradox and stranded assets focus on dirty exhaustible assets (fossil fuel reserves) and show that environmental regulations, by changing the costs of dirty inputs relative to clean ones, lead to replacements of the former by the latter and stranding of dirty assets due to perfect substitution. It, in turn, induces acceleration of dirty resource extractions and

PDF Stranded Assets: A Climate Risk Challenge - Inter-American Development Bank - Why Do Stranded Assets Matter? Stranded assets are not just the result of climate change, and they involve sec-tors other than fossil fuels. Stranded assets are not considered a new phenom-enon, but many interviewees expect that stranding will increase in the coming decades as a result of environmental and technological changes. Asked to rank

Stranded Assets: How Policy Uncertainty affects Capital - Capital accumulation causes pollution which is reduced by private green services and public abatement. The government subsidizes green services and taxes dirty capital albeit at a rate which may become random, causing unexpected capital write-offs. Tax jumps depend on natural degradation and environmental activism

Stranded Assets: How Policy Uncertainty affects Capital, Growth, and - Why do non-oil countries have stranded assets?

Capital Accumulation, GreeParadox, and Stranded Assets: An - Abstract: The existing studies on Green Paradox and stranded assets focus on dirty exhaustible assets (fossil fuel reserves) and show that environmental regulations, by changing the costs of dirty inputs relative to clean ones, lead to replacements of the former by the latter and stranding of dirty assets due to perfect substitution. It, in

- Abstract: The existing studies on Green Paradox and stranded assets focus on dirty exhaustible assets (fossil fuel reserves) and show that environmental regulations, by changing the costs of dirty inputs relative to clean ones, lead to replacements of the former by the latter and stranding of dirty assets due to perfect substitution

Capital Accumulation, Green Paradox, and Stranded Assets: An - Capital Accumulation, Green Paradox, and Stranded Assets: An Endogenous Growth Perspective. Wei Jin and ZhongXiang Zhang () Additional contact information Wei Jin: Tianjin University, China Academy of Energy, Environmental and Industrial Economics and UNSW Business School No 2018.33, Working Papers from Fondazione Eni Enrico Mattei

Capital Accumulation, Green Paradox, and Stranded Assets: An - Abstract. The existing studies on Green Paradox and stranded assets focus on dirty exhaustible assets (fossil fuel reserves) and show that environmental regulations, by changing the costs of dirty inputs relative to clean ones, lead to replacements of the former by the latter and stranding of dirty assets due to perfect substitution

Capital Accumulation, Green Paradox, and Stranded Assets: An - Capital Accumulation, Green Paradox, and Stranded Assets: An Endogenous Growth Perspective Abstract: The existing studies on Green Paradox and stranded assets focus on dirty exhaustible assets (fossil fuel reserves) and show that environmental regulations, by changing the costs of dirty