Data/hora: 12/06/2024 13:21:36

Provedor de dados: | 31
País: | United States
Título: | Capital Malleability and the Macroeconomic Costs of Climate Policy
Autores: | Lanzi,   Elisa; Sue Wing,   Ian.
Data: | 2010-03-16
Ano: | 2010
Palavras-chave: | General Equilibrium; CGE Models; Climate Change Policy; Environmental Economics and Policy; C68; D58; H22; Q43.
Resumo: | 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 consideration.
Tipo: | Working or Discussion Paper
Idioma: | Inglês
Identificador: | http://purl.umn.edu/59476

Relação:

Fondazione Eni Enrico Mattei (FEEM)&gt;Sustainable Development Papers

SD

19.2010

Formato: | 47