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Capital Malleability and the Macroeconomic Costs of Climate Policy AgEcon
Lanzi, Elisa; Sue Wing, Ian.
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...
Tipo: Working or Discussion Paper Palavras-chave: General Equilibrium; CGE Models; Climate Change Policy; Environmental Economics and Policy; C68; D58; H22; Q43.
Ano: 2010 URL: http://purl.umn.edu/59476
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Efficiency Improving Fossil Fuel Technologies for Electricity Generation: Data Selection and Trends AgEcon
Lanzi, Elisa; Verdolini, Elena; Hascic, Ivan.
This paper studies innovation dynamics in efficiency improving electricity generation technologies as an important means of mitigating climate change impacts. Relevant patents are identified and used as an indicator of innovation. We find that patenting in efficiency improving technologies has mostly been stable over time, with a recent decreasing trend. We also find that majority of patents are first filed in OECD countries and only then in non-OECD or BRIC countries. Conversely, non-OECD and BRIC countries apply for patents that are mostly marketed domestically. This result shows that there is significant technology transfer in the field of efficiency improving technologies for electricity production. This flow of know-how is likely to contribute to...
Tipo: Working or Discussion Paper Palavras-chave: Climate Change; Technological Innovation; Energy; Patents; Fossil Fuels; Resource /Energy Economics and Policy; Q32; Q4; Q55.
Ano: 2011 URL: http://purl.umn.edu/99688
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The Impact of Temperature Change on Energy Demand: A Dynamic Panel Analysis AgEcon
De Cian, Enrica; Lanzi, Elisa; Roson, Roberto.
This paper presents an empirical study of energy demand, in which demand for a series of energy goods (Gas, Oil Products, Coal, Electricity) is expressed as a function of various factors, including temperature. Parameter values are estimated econometrically, using a dynamic panel data approach. Unlike previous studies in this field, the data sample has a global coverage, and special emphasis is given to the dynamic nature of demand, as well as to interactions between income levels and sensitivity to temperature variations. These features make the model results especially valuable in the analysis of climate change impacts. Results are interpreted in terms of derived demand for heating and cooling. Non-linearities and discontinuities emerge, making it...
Tipo: Working or Discussion Paper Palavras-chave: Energy Demand; Cooling Heating Effect; Temperature; Dynamic Panel; Resource /Energy Economics and Policy; C3; Q41; Q54.
Ano: 2007 URL: http://purl.umn.edu/9322
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