A climate–economy model in a stochastic differential equilibrium with fractional Brownian motions and Poisson jumps

Ackerman F, Stanton E, Bueno R (2013) Epstein-zin utility in dice: is risk aversion irrelevant to climate policy? Environ Resour Econ 56:73–84 Arminen H, Menegaki AN (2019) Corruption, climate and the energy-environment-growth nexus. Energy Econ. https://doi.org/10.1016/j.eneco.2019.02.009 Athanasoglou S (2021) On the existence of efficient, individually rational, and fair environmental agreements. J Math Econ. https://doi.org/10.1016/j.jmateco.2021.102560 Bassongui N, Nomo Alinga DN, Mignamissi D (2021) Threshold effects of energy mix on environmental quality. J Bioecon. https://doi.org/10.1007/s10818-020-09305-5 Cai Y, Lontzek T (2019) The social cost of carbon with economic and climate risks. J Political Econ 127:2684–2734 Carlino A, Giuliani M, Tavoni M, Castelletti A (2020) Multi-objective optimal control of a simple stochastic climate-economy model. IFAC-PapersOnLine. https://doi.org/10.1016/j.ifacol.2020.12.786 Crost B, Traeger C (2014) Optimal CO2 mitigation under damage risk valuation. Nat Clim Change 4:631–636 Georgescu-Roegen N (1975) Dynamic models and economic growth. World Dev. https://doi.org/10.1016/0305-750X(75)90079-0 Gillingham K, Nordhaus W, Anthoff D, Blanford G, Bosetti V, Christensen P, McJeon H, Reilly J (2018) Modeling uncertainty in integrated assessment of climate change: a multimodel comparison. J Assoc Environ Resour Econ. https://doi.org/10.1086/698910 Hambel C, Kraft H, Schwartz E (2021) Optimal carbon abatement in a stochastic equilibrium model with climate change. Eur Econ Rev 132:1–25 Hayashi F (1982) Tobin’s marginal q and average q: a neoclassical interpretation. Econometrica 50:213–224 Hietaharju P, Ruusunen M, Leivisk K (2018) A dynamic model for indoor temperature prediction in buildings. Energies. https://doi.org/10.3390/en11061477 Hossain ME, Rej S, Saha SM, Onwe JC, Nwulu N, Bekun FV, Taha A (2022) Can energy efficiency help in achieving carbon-neutrality pledges? A developing country perspective using dynamic ARDL simulations. Sustainability 14:7537. https://doi.org/10.3390/su14137537 IPCC (2014) Fifth assessment report of the intergovernmental panel on climate change. Cambridge University Press, Cambridge Ivanovski K, Hailemariam A, Smyth R (2021) The effect of renewable and non-renewable energy consumption on economic growth: non-parametric evidence. J Clean Prod. https://doi.org/10.1016/j.jclepro.2020.124956 Jensen S, Traeger C (2014) Optimal climate change mitigation under long-term growth uncertainty: stochastic integrated assessment and analytic findings. Eur. Econ. Rev. 69:104–125 Kahouli B (2019) Does static and dynamic relationship between economic growth and energy consumption exist in OECD countries? Energy Rep. https://doi.org/10.1016/j.egyr.2018.12.006 Kelly D, Kolstad C (1999) Bayesian learning, growth, and pollution. J Econ Dyn Control 23:491–518 Kolmogorov A (1940) The wiener spiral and some other interesting curves in a hilbert space. Acad URSS 26:115–118 Kuznets S (1955) Economic growth and income inequality. Am Econ Rev 45:1–28 Lanzi E, Dellink R, Chateau J (2018) The sectoral and regional economic consequences of outdoor air pollution to 2060. Energy Econ 71:89–113 Mandelbrot B, Ness JV (1968) Fractional brownian motions, fractional noise and applications. SIAM Rev 10:422–437 Maroufi N, Hajilary N (2022) The impacts of economic growth, foreign direct investments, and gas consumption on the environmental Kuznets curve hypothesis CO2 emission in Iran. Environ Sci Pollut Res 29:85350–85363. https://doi.org/10.1007/s11356-022-20794-x Nordhaus W (1992) An optimal transition path for controlling greenhouse gases. SIAM J Control Optim 258:1315–1319 Nordhaus W (2008) A question of balance: weighing the options on global warming policies. Yale University Press, New Haven Nordhaus W, Sztorc P (2013) DICE 2013R: introduction and users manual. Technical Report, 1. Yale University, pp 12 OECD (2015) The economic consequences of climate change. OECD Publ 42:669–685. https://doi.org/10.1787/9789264235410-en Pindyck R (2013) Climate change policy: what do the models tell us? J Econ Lit 51:860–872 Riti JS, Riti MKJ, Oji-Okoro I (2022) Renewable energy consumption in sub-Saharan Africa (SSA): implications on economic and environmental sustainability. Curr Res Environ Sustain. https://doi.org/10.1016/j.crsust.2022.100129 Sakthivel R, Revathi P, Anthoni M (2012) Existence of pseudo almost automorphic mild solutions to stochastic fractional differential equations. Elsevier Nonlinear Anal 75:3339–3347. https://doi.org/10.1016/j.na.2011.12.028 Samour A, Chukwuma OJ, Inuwa N, Imran M (2022) Insurance market development, renewable energy, and environmental quality in the UAE: novel findings from a bootstrap ARDL test. Energy Environ. https://doi.org/10.1177/0958305X221122928 Tarasov VE, Tarasova VV (2019) Dynamic Keynesian model of economic growth with memory and lag. Mathematics. https://doi.org/10.3390/math7020178 Todisco E, Louveau J, Thobie C, Dechandol E, Hervé L, Durécu S, Titica M, Pruvost J (2022) A dynamic model for temperature prediction in a façade-integrated photobioreactor. Chem Eng Res Des. https://doi.org/10.1016/j.cherd.2022.03.017 Wen Y, Onwe JC, Haseeb M, Saini S, Matuka A, Sahoo D (2022) Role of technological innovation, renewable and non-renewable energy, and economic growth on environmental quality. Evidence from African countries. Front Energy Res 10:958839. https://doi.org/10.3389/fenrg.2022.958839 Younsi M, Nafla A (2019) Financial stability, monetary policy, and economic growth: panel data evidence from developed and developing countries. J Knowl Econ. https://doi.org/10.1007/s13132-017-0453-5 Yu Y, Radulescu M, Ifelunini AI, Ogwu SO, Onwe JC, Jahanger A (2022) Achieving carbon neutrality pledge through clean energy transition: linking the role of green innovation and environmental policy in E7 countries. Energies 15:6456. https://doi.org/10.3390/en15176456