G2TT
来源类型FEEM working papers "Note di lavoro" series
规范类型论文
Capital Malleability and the Macroeconomic Costs of Climate Policy
Elisa Lanzi; Ian Sue Wing
发表日期2010
出处Climate Change and Sustainable Development
出版年2010
语种英语
摘要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. *** Suggested citation: Elisa Lanzi, Ian Sue Wing, Capital Malleability, Emission Leakage and the Cost of Partial Climate Policies: General Equilibrium Analysis of the European Union Emission Trading System, Environmental and Resource Economics June 2013, Volume 55, Issue 2, pp 257-289, http://rd.springer.com/article/10.1007%2Fs10640-012-9625-8
特色分类C68;D58;H22;Q43
关键词General Equilibrium CGE Models Climate Change Policy
URLhttps://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/capital-malleability-and-the-macroeconomic-costs-of-climate-policy/
来源智库Fondazione Eni Enrico Mattei (Italy)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/117791
推荐引用方式
GB/T 7714
Elisa Lanzi,Ian Sue Wing. Capital Malleability and the Macroeconomic Costs of Climate Policy. 2010.
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