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Registros recuperados: 10
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Energy Abundance, Trade and Industry Location AgEcon
Gerlagh, Reyer; Mathys, Nicole A..
We study the effect of countries’ energy abundance on trade and sector activity, conditional on sector’s energy intensity, using an unbalanced panel with 14 high-income countries from Europe, America and Asia, 10 broad sectors, and years 1970-1997. We find that (i) countries with large energy endowments have low energy prices, and are thus energy abundant both on micro and macro level. (ii) Energy abundant countries have a high level of energy embodied in exports relative to imports. (iii) Energy intensive sectors export from and (iv) have higher economic activity in energy abundant countries. (v) The trade and location effects increase with a sector’s exposure to international trade. In short, energy is a major driver for sector location through...
Tipo: Working or Discussion Paper Palavras-chave: Trade and the Environment; Pollution Haven; Factor Endowments; Industry Location; Resource /Energy Economics and Policy; Q56.
Ano: 2011 URL: http://purl.umn.edu/99639
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The Economics of Geological CO2 Storage and Leakage AgEcon
van der Zwaan, Bob; Gerlagh, Reyer.
The economics of CO2 capture and storage in relation to the possibility of significant leakage of CO2 from geological reservoirs once this greenhouse gas has been stored artificially underground will be among the main determinants of whether CCS can significantly contribute to a deep cut in global CO2 emissions. This paper presents an analysis of the economic and climatic implications of the large-scale use of CCS for reaching a stringent climate change control target, when geological CO2 leakage is accounted for. The natural scientific uncertainties regarding the rates of possible leakage of CO2 from geological reservoirs are likely to remain large for a long time to come. We present a qualitative description, a concise analytical inspection, as well as a...
Tipo: Conference Paper or Presentation Palavras-chave: Climate Change; Carbon Dioxide Emission Reduction; Technological Innovation; CO2 Capture and Storage (CCS); Geological Leakage; Environmental Economics and Policy; H21; D58; C61; O33; Q40.
Ano: 2008 URL: http://purl.umn.edu/6372
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Linking Environmental and Innovation Policy AgEcon
Gerlagh, Reyer; Kverndokk, Snorre; Rosendahl, Knut Einar.
This paper addresses the timing and interdependence between innovation and environmental policy in a model of research and development (R&D). On a first-best path the environmental tax is set at the Pigouvian level, independent of innovation policy. With infinite patent lifetime, the R&D subsidy should be constant and independent of the state of the environment. However, with finite patent lifetime, optimal innovation policy depends on the stage of the environmental problem. In the early stages of an environmental problem, abatement research should be subsidized at a high level and this subsidy should fall monotonically over time to stimulate initial R&D investments. Alternatively, with a constant R&D subsidy, patents’ length should...
Tipo: Working or Discussion Paper Palavras-chave: Environmental Policy; Research and Development; Innovation Subsidies; Patents; H21; O30; Q42.
Ano: 2008 URL: http://purl.umn.edu/37847
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Carbon Leakage with International Technology Spillovers AgEcon
Gerlagh, Reyer; Kuik, Onno.
In this paper we study the effect of international technology spillovers on carbon leakage. We first develop and analyse two simple competing models for carbon leakage. The first model represents the pollution haven hypothesis. It focuses on the international competition between firms that produce energy-intensive goods. The second model highlights the role of a globally integrated carbon-energy market. We calculate formulas for the leakage rates in both models and, through meta-analysis, show that the second model captures best the major mechanisms reported in the CGE literature on carbon leakage. We extend this model with endogenous energy-saving technology and international technology spillovers. This feature is shown to decrease carbon leakage. We...
Tipo: Working or Discussion Paper Palavras-chave: Carbon-Leakage; Climate Policy; Induced Technological Change; Trade and Environment; Environmental Economics and Policy; F18; O39; Q25; Q4.
Ano: 2007 URL: http://purl.umn.edu/9328
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Optimal Timing of Environmental Policy; Interaction Between Environmental Taxes and Innovation Externalities AgEcon
Gerlagh, Reyer; Kverndokk, Snorre; Rosendahl, Knut Einar.
This paper addresses the impact of endogenous technology through research and development (R&D) and learning by doing (LbD) on the timing of environmental policy. We develop two models, the first with R&D and the second with LbD. We study the interaction between environmental taxes and innovation externalities in a dynamic economy and prove policy equivalence between the second-best R&D and the LbD model. Our analysis shows that the difference found in the literature between optimal environmental policy in R&D and LbD models can partly be traced back to the set of policy instruments available, rather than being directly linked to the source of technological innovation. Arguments for early action in LbD models carry over to a second-best...
Tipo: Working or Discussion Paper Palavras-chave: Environmental Policy; Technological Change; Research and Development; Learning by Doing; Environmental Economics and Policy; H21; O30; Q42.
Ano: 2007 URL: http://purl.umn.edu/9329
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The Value of ITC under Climate Stabilization AgEcon
Gerlagh, Reyer.
We assess the effect of ITC in a global growth model, DEMETER-1CCS, with learning by doing where energy savings, an energy transition, and carbon capturing and sequestration (CCS) are the main options for emissions reductions. The model accounts for technology based on learning by doing embodied in capital installed in previous periods. We have run five scenarios, one baseline scenario in which climate change policy is assumed absent, and four stabilization scenarios in which atmospheric CO2 concentrations are stabilized at 550, 500, 450, and 400 ppmv. We find that the timing of emission reductions and the investment strategy is relatively independent of the endogeneity of technological change. The vintages structure of production is more important. But...
Tipo: Working or Discussion Paper Palavras-chave: Environmental Economics and Policy.
Ano: 2005 URL: http://purl.umn.edu/12024
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Environmental Regulation and Industry Location AgEcon
Mulatu, Abay; Gerlagh, Reyer; Rigby, Dan; Wossink, Ada.
Replaced with revised version of paper 02/20/09.
Tipo: Working or Discussion Paper Palavras-chave: Pollution Haven Hypothesis; Comparative Advantage; Industry Location; Environmental Economics and Policy; O14.
Ano: 2009 URL: http://purl.umn.edu/47176
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Strategic Resource Dependence AgEcon
Gerlagh, Reyer; Liski, Matti.
We consider a situation where an exhaustible-resource seller faces demand from a buyer who has a perfect substitute but there is a time-to-build delay for the substitute. We that find in this simple framework the basic implications of the Hotelling model (1931) are reversed: over time the stock declines but supplies increase up to the point where the buyer decides to switch. Under such a threat of demand change, the supply does not reflect the true current resource scarcity but leads to increased future scarcity, felt during the transition to the substitute supplies. The analysis suggests a perspective on costs of oil dependence.
Tipo: Working or Discussion Paper Palavras-chave: Dynamic Bilateral Monopoly; Markov-Perfect Equilibrium; Depletable Resources; Energy; Alternative Fuels; Oil Dependence; Resource /Energy Economics and Policy; D4; D9; O33; Q40.
Ano: 2008 URL: http://purl.umn.edu/44222
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Too Much Oil AgEcon
Gerlagh, Reyer.
Fear for oil exhaustion and its consequences on economic growth has been a driver of a rich literature on exhaustible resources from the 1970s onwards. But our view on oil has remarkably changed and we now worry how we should constrain climate change damages associated with oil and other fossil fuel use. In this climate change debate, economists have pointed to a green paradox: when policy makers stimulate the development of non-carbon energy sources to (partly) replace fossil fuels in the future, oil markets may anticipate a future reduction in demand and increase current supply. The availability of ‘green’ technologies may increase damages. The insight comes from the basic exhaustible resource model. We reproduce the green paradox and to facilitate...
Tipo: Working or Discussion Paper Palavras-chave: Green Paradox; Climate Change; Exhaustible Resources; Fossil Fuels; Resource /Energy Economics and Policy; Q31; Q54.
Ano: 2010 URL: http://purl.umn.edu/59419
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Institutional Explanations of Economic Development: the Role of Precious Metals AgEcon
Papyrakis, Elissaios; Gerlagh, Reyer.
Recent research has emphasized the influence of colonization on the institutional development and economic performance in former European colonies. Where European colonizers settled, they replicated the investment-conducive institutions found at home. It has been argued that a harsh disease environment and a highly urbanized native population worked against colonization. We show evidence for another significant element explaining the endogenous character of colonization strategies and the formation of institutions. We find the presence of precious metals, gold and silver, to imply an increase in settlements, and an improvement in institutional quality, even when correcting for settlements. Highly valued gold and silver reserves attracted Europeans in large...
Tipo: Working or Discussion Paper Palavras-chave: Community/Rural/Urban Development.
Ano: 2005 URL: http://purl.umn.edu/12211
Registros recuperados: 10
Primeira ... 1 ... Última
 

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