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The Economic Impact of the Green Certificate Market through the Macro Multiplier Approach AgEcon
Ciaschini, Maurizio; Severini, Francesca; Socci, Claudio; Pretaroli, Rosita.
In the last decade, as many other European countries, the Italian Government adopted several reforms in order to increase the use of Renewable Energy Sources (RES). The liberalization of the electricity market that represents one of these reforms aims to reach environmental benefits from the substitution of fossil fuel with renewable sources. The Italian Green Certificate market was introduced in 2002 in order to accomplish this objective and represents a mechanism where a quota of renewable electricity is imposed to suppliers in proportion to their sales. The electricity industries are obliged to meet this condition by producing the quantity of renewable electricity by means of a change in their production process, otherwise they must buy a number of...
Tipo: Working or Discussion Paper Palavras-chave: Environmental Policy; Hybrid I-O model; Macro Multiplier; Resource /Energy Economics and Policy; C67; E23; Q43; Q48.
Ano: 2010 URL: http://purl.umn.edu/94741
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Multiplier impact of wine activity on inter-industry interactions AgEcon
Ciaschini, Maurizio; Socci, Claudio.
Wine is usually studied as a separate activity. Our attempt is to introduce it within the industries composing output that react to disposable income changes. We first harmonize the available data in a Social Accounting framework. From this data base we get the parameters of a multi-industry multi-sectoral model. We apply on the model a type of dispersion analysis based on singular value decompositions. The results show the position held by wine with respect to the other activities in relation to changes in the composition of disposable incomes. They confirm that wine, in a mediterranean country as Italy, is linked to lower disposable incomes.
Tipo: Journal Article Palavras-chave: Wine; Input-Output; Macro Multiplier; Singular Values Decompositions; Economic Impact and Correlation; Agribusiness.
Ano: 2005 URL: http://purl.umn.edu/44099
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