Evolutionary macroeconomic assessment of employment and innovation impacts of climate policy packages

Climate policy has been mainly studied with economic models that assume representative, rational agents. Such policy aims, though, at changing carbon-intensive consumption and production patterns driven by bounded rationality and other-regarding preferences, such as status and imitation. To examine climate policy under such alternative behavioral assumptions, we develop a model tool by adapting an existing general-purpose macroeconomic multi-agent model. The resulting tool allows testing various climate policies in terms of combined climate and economic performance. The model is particularly suitable to address the distributional impacts of climate policies, not only because populations of many agents are included, but also as these are composed of different classes of households. The approach accounts for two types of innovations, which improve either the carbon or labor intensity of production. We simulate policy scenarios with distinct combinations of carbon taxation, a reduction of labor taxes, subsidies for green innovation, a price subsidy to consumers for less carbon-intensive products, and green government procurement. The results show pronounced differences with those obtained by rational-agent model studies. It turns out that a supply-oriented subsidy for green innovation, funded by the revenues of a carbon tax, results in a significant reduction of carbon emissions without causing negative effects on em ployment. On the contrary, demand-oriented subsidies for adopting greener technologies, funded in the same manner, result in either none or considerably less re- duction of carbon emissions and may even lead to higher unemployment. Our study also contributes insight on a potential double dividend of shifting taxes from labor to carbon

Working Paper 05-07 - Growth and Productivity in Belgium

The objective of this report is to provide an overview of the main drivers of economic growth and productivity evolution in Belgium between 1970 and 2004, based on a consistent data set. The growth accounting methodology is applied to explain value added and labour productivity growth for total economy, manufacturing and market services. This decomposition exercise diverges from what has been applied in Belgium up to now, as it uses capital services flows rather than capital stock to measure the contribution of capital factor to production growth. Contributions of the main industries to value added, employment and productivitygrowth are also estimated.Growth accounting, Growth contribution, Productivity, MFP, ICT

Future Projections of Water Scarcity in the Danube River Basin Due to Land Use, Water Demand and Climate Change

This paper presents a state-of-the-art integrated model assessment to estimate the impacts of the 2°C global mean temperature increase and the 2061-2090 warming period on water scarcity in the Danube River Basin under the RCP8.5 scenario. The Water Exploitation Index Plus (WEI+) is used to calculate changes in both spatial extent and people exposed to water scarcity due to land use, water demand, population and climate change. Despite model and data uncertainties, the combined effects of projected land use, water demand and climate change show a decrease in the number of people exposed to water scarcity during the 2°C warming period and an increase in the 2061-2090 period in the Danube River Basin. However, the projected population change results in a decrease of exposed people in both warming periods. Regions with population growth, in the northwestern part of the Danube River Basin experience low water scarcity or a decrease in water scarcity. The largest number of people vulnerable to water scarcity within the Danube River Basin are living in the Great Morava, Bulgarian Danube and Romanian Danube. There, the combined effects of land use, water demand and climate change exacerbate already existing water scarce areas during the 2°C warming period and towards the end of the century new water scarce areas are created. Although less critical during the 2°C warming period, adjacent regions such as the Tisza, Middle Danube and Siret-Prut are susceptible to experience similar exposure to water scarcity within the 2061-2090 period. Climate change is the most important driver for the increase in water scarcity in these regions, but the strengthening effect of water demand (energy sector) and dampening effect of land use change (urbanization) does play a role as well. Therefore, while preparing for times of increased pressures on the water supply it would be advisable for several economic sectors to explore and implement water efficiency measures

Hyperlipidemic myeloma: review of 53 cases

Hyperlipidemic myeloma is a rare and poorly understood variant of multiple myeloma. We report the case of a 53-year-old woman with hyperlipidemic myeloma, skin xanthomas and hyperviscosity syndrome who underwent allogeneic bone marrow transplantation. A comprehensive literature search identified 52 additional cases with plasma cell disease and hyperlipidemia. A detailed analysis revealed several characteristics of these patients as compared to multiple myeloma with normal lipid status: (1) IgA paraprotein was present in the majority (53% vs. 21% in classical multiple myeloma). (2) Skin xanthomas, especially in the palmar creases, elbows, and knees were common (70%). (3) Hyperviscosity syndrome occurred more often (26% vs. 2-6%). While conventional lipid-lowering therapy had only marginal effects, successful anti-myeloma therapy also reduced hyperlipidemia. Analyses of the mechanisms leading to hyperlipidemia documented complexes of paraprotein and lipoprotein in 75% of the 32 cases tested, suggesting an inhibitory role of the paraprotein on lipid degradation. In conclusion, the clinical characteristics, the therapeutic options, and the pathophysiologic mechanisms of hyperlipidemic myeloma are comprehensively reported using the available data from all 53 published cases in the literatur

Nonlinear associations between breached obligations and employee well-being

Purpose – The purpose of this paper is to analyze the nonlinear association between proportions of breached obligations within the psychological contract (PC) and three dimensions of employee well-being, and the mediating role of contract violation in these relationships. With this study the authors gain a more detailed understanding of PC evaluations and their consequences for well-being. Design/methodology/approach – The authors build on asymmetry effects theory and affective events theory to propose that breached obligations outweigh fulfilled obligations in their association with well-being. The hypotheses are tested using a sample of 4,953 employees from six European countries and Israel. Findings – The results provide support for the hypotheses, as the effect sizes of the indirect relationships for breached obligations on well-being via violation are initially strong compared to fulfilled obligations, but decrease incrementally as the proportion of breached obligations become greater. At a certain point the effect sizes become nonsignificant. Research limitations/implications – The study shows that PC theory and research needs to better acknowledge the potential for asymmetrical effects of breach relative to fulfillment, such that the breach of obligations can sometimes have a stronger effect on employee well-being than the fulfillment of obligations. Practical implications – Those responsible for managing PCs in organizations should be aware of the asymmetrical effects of breach relative to fulfillment, as trusting on the acceptance or tolerance of employees in dealing with breached obligations may quickly result in lower well-being. Originality/value – The findings have implications for the understanding of PC breach and its associations with employee well-being

Ultra-sensitive refractive index gas sensor with functionalized silicon nitride photonic circuits

Portable and cost-effective gas sensors are gaining demand for a number of environmental, biomedical, and industrial applications, yet current devices are confined into specialized labs and cannot be extended to general use. Here, we demonstrate a part-per-billion-sensitive refractive index gas sensor on a photonic chip based on silicon nitride waveguides functionalized with a mesoporous silica top-cladding layer. Low-concentration chemical vapors are detected by monitoring the output spectral pattern of an integrated unbalanced Mach-Zehnder interferometer having one coated arm exposed to the gas vapors. We retrieved a limit of detection of 65 ppb, 247 ppb, and 1.6 ppb for acetone, isopropyl alcohol, and ethanol, respectively. Our on-chip refractive index sensor provides, to the best of our knowledge, an unprecedented limit of detection for low gas concentrations based on photonic integrated circuits. As such, our results herald the implementation of compact, portable, and inexpensive devices for on-site and real-time environmental monitoring and medical diagnostics

Testing innovation, employment and distributional impacts of climate policy packages in a macro-evolutionary systems setting

Climate policy has been mainly studied with economic models that assume representative, rational agents. However, it aims at changing behavior associated with carbon-intensive goods that are often subject to bounded rationality and social preferences, such as status and imitation. Here we use a macroeconomic multi-agent model with such features to test the effect of various policies on both environmental and economic performance. The model is particularly suitable to address distributional impacts of climate policies, not only because populations of many agents are included, but also as these are composed of different classes of households driven by specific motivations. We simulate various policy scenarios, combining in different ways a carbon tax, a reduction of labor taxes, subsidies for green innovation, a price subsidy to consumers for less carbon-intensive products, and green government procurement. The results show pronounced differences with those obtained by rational-agent model studies. It turns out that demand-oriented subsidies lead to lower unemployment and higher output, but perform less well in terms of carbon emissions. The supply-oriented subsidy for green innovation results in a significant reduction of carbon emissions with a slight reduction of unemployment.Series: WWWforEurop

Impact of a changing climate, land use, and water usage on water resources in the Danube river basin

Impact of a changing climate, land use, and water usage on water resources in the Danube river basinJRC.D.2-Water and Marine Resource