Do people really care about global warming?

Autores/as

  • Francesco Busato
  • Bruno Chiarini
  • Gianluigi Cisco Parthenope University of Naples
  • Maria Ferrara

DOI:

https://doi.org/10.17811/ebl.11.1.2022.24-32

Palabras clave:

Green Preferences, Global Warming, Consumers Behavior, Dynamic Stochastic General Equilibrium, Environmental Awareness

Resumen

Global warming represents a "hot" topic in our current daily life. This paper builds up and simulates a dynamic stochastic general equilibrium (DSGE) model in the spirit of Nordhaus (2008) while investigating consumers' behavior in a context where economic and environmental issues interact. The paper suggests that households do not care about global warming as much as they should. Even if households make pro-environmental consumption choices, their investment decisions focus on the economic aspect mainly. Therefore, households' propensity to consume clean products is not sufficient to produce benefits to the environment.

Citas

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Publicado

2022-01-21

Cómo citar

Busato, F., Chiarini, B., Cisco, G., & Ferrara, M. (2022). Do people really care about global warming?. Economics and Business Letters, 11(1), 24–32. https://doi.org/10.17811/ebl.11.1.2022.24-32

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