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| Balistreri, Edward J.; Fox, Alan K.. |
| This paper documents the construction of consistent social accounts that cover the period from 1978 to 2001 for the U.S. economy at a two-digit level of aggregation. There are four primary data sources for the construction of the accounts. First, the Bureau of Economic Analysis (BEA) publishes a Gross Domestic Product by Industry (GDPI) series that includes value added by factor and sector (at approximately the two-digit level). The series also includes other useful measures of total intermediate inputs and various double-deflation indices for conversion of current dollar measures into real measures. The second primary data source is the benchmark input-output (BIO) accounts published by the BEA. The input-output accounts allow us to decompose intermediate... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Public Economics. |
| Ano: 2003 |
URL: http://purl.umn.edu/15860 |
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| Fischer, Carolyn; Fox, Alan K.. |
| The choice of mechanism for allocating tradable emissions permits has important efficiency and distributional effects when tax and trade distortions are considered. We present different rules for allocating carbon allowances within sectors (lump-sum grandfathering, output-based allocation [OBA], and auctioning) and among sectors (historical emissions and value-added shares). Using a partial equilibrium model, we explore how OBA mitigates price increases, limits incentives for conservation in favor of lowering energy intensity, and changes relative output prices among sectors. We then use a computable general equilibrium model from the Global Trade Analysis Project, modified to incorporate a labor/leisure choice, to compare overall mechanism performance.... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Emissions trading; Output-based allocation; Tax interaction; Carbon leakage; Environmental Economics and Policy; Q2; Q43; H2; D61. |
| Ano: 2004 |
URL: http://purl.umn.edu/10654 |
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