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| Lanzi, Elisa; Sue Wing, Ian. |
| This paper argues for introducing the role of capital malleability into the analysis of environmental policies. The issue is explored by means of a theoretical model, a numerical analysis and a computable general equilibrium (CGE) model. Considering the three approaches together is fundamental in obtaining theory-compatible policy-relevant results. The model outcomes reveal differences between results under separate assumptions regarding the malleability of capital. When capital is imperfectly malleable a carbon policy is less effective than under the assumption of perfect malleability of capital. Therefore, it is important that, especially for the analysis of short-term environmental regulations, the issue of capital malleability is taken into... |
| Tipo: Working or Discussion Paper |
Palavras-chave: General Equilibrium; CGE Models; Climate Change Policy; Environmental Economics and Policy; C68; D58; H22; Q43. |
| Ano: 2010 |
URL: http://purl.umn.edu/59476 |
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| Hess, Sebastian; von Cramon-Taubadel, Stephan. |
| Due to the complexity of general and partial equilibrium models, conventional sensitivity analysis, qualitative reviews or literature-based meta-analyses do not allow for detailed assessments of the role of individual parameters and policy shocks across different models. Therefore, the partial equilibrium model “GSIM” and a single country CGE are employed to generate synthetic scenarios based on randomly specified combinations of base data, elasticities and tariff changes selected from previously specified, plausible ranges. The synthetic meta-data has the advantage that the values of explanatory variables are measured exactly. This makes it possible to explore complex issues of functional form and interaction between variables in the estimation of the... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: General Equilibrium; Partial Equilibrium; Response Surface Design; Research Methods/ Statistical Methods. |
| Ano: 2008 |
URL: http://purl.umn.edu/43689 |
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