Climate change, asymmetric costs, and the challenge to the capitalist system of production: a macroeconomic perspective

This dissertation consists of three papers, each of which addresses what I believe are important gaps in the literature. The first is the impact regional asymmetric costs can have on mitigation and adaptation decisions. Regional cost asymmetries are not unknown in the extant literature, but their implications are generally ignored in much of the modeling that exists. The second gap involves the cursory treatment climate science findings receive in macroeconomic modeling. Development of climate system dynamics from climate science has continued over the last two decades, but little progress has been made on incorporating new developments into post-Keynesian macromodels. Finally, the third gap is the lack of time series methods in the empirical research on the climate-macroeconomic interaction from a global perspective. It is known that GDP (Gross Domestic Product) and CO2 production are highly related, but questions remain as to how this relation works and whether it is changing over time.