Correction: International Economics and Economic Policy (2022) 19:315–329

https://doi.org/10.1007/s10368-022-00536-7

In this article, Figs. 5 and 6 images must be swapped. The captions and figures' numbers are correct, the graph in Fig. 6 should go to Fig. 5, and the graph in Fig. 5 should go to Fig. 6.

The original article has been corrected.

Fig. 5
figure a

Time t carbon budget \(E_t = E_0 - \sum \limits _{\tau =1}^t\gamma ^\tau \nu k_\tau\)

Fig. 6
figure b

Detrended capital stock paths \(\tilde{k}_t\) with \(\tilde{k}_0=k_{ss}\) and \(\tilde{k}_0<k_{ss}\)