G2TT
来源类型FEEM working papers "Note di lavoro" series
规范类型论文
Capital-embodied Technologies in CGE Models
James Lennox; Ramiro Parrado
发表日期2015
出处Climate Change and Sustainable Development
出版年2015
语种英语
摘要Computable general equilibrium (CGE) models are widely used to analyse macroeconomic and sectoral effects of climate policies. Developing new and improving existing carbon-free energy technologies will be crucial to limit the long-term economic costs of mitigation policies. Such technologies are largely embodied in capital goods; yet conventionally structured CGE models cannot capture capital-embodiment of sector-specific technologies. In this paper, we clarify the conceptual nature of the capital embodiment problem in multisector CGE models. Aggregating productive sectors and investment goods eliminates channels whereby specific technological changes are embodied in specific capital stocks. Nevertheless, capital-embodiment of sector-specific Hicks-neutral technical changes can be directly represented as investment-specific technical change (ISTC). *** Suggested citation: Lennox, J., R. Parrado, (2015), 'Capital-embodied Technologies in CGE Models', Nota di Lavoro 2.2015, Milan, Italy: Fondazione Eni Enrico Mattei.
特色分类O33;O44;Q54;Q55;Q58
关键词Climate Change Mitigation Capital-Embodiment Technological Change CGE Models
URLhttps://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/capital-embodied-technologies-in-cge-models/
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/118343
推荐引用方式
GB/T 7714
James Lennox,Ramiro Parrado. Capital-embodied Technologies in CGE Models. 2015.
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