| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Capital Malleability and the Macroeconomic Costs of Climate Policy
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| Autores: |
Lanzi, Elisa
Sue Wing, Ian
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| Data: |
2010-03-16
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| Ano: |
2010
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| 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.
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| Tipo: |
Working or Discussion Paper
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| Idioma: |
Inglês
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| Identificador: |
http://purl.umn.edu/59476
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| Relação: |
Fondazione Eni Enrico Mattei (FEEM)>Sustainable Development Papers
SD
19.2010
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| Formato: |
47
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