Macroeconomics of Climate Change in a Dualistic Economy

Macroeconomics of Climate Change in a Dualistic Economy: A Regional General Equilibrium Analysis generates significant, genuinely novel insights about dual economies and sustainable economic growth.

Macroeconomics of Climate Change in a Dualistic Economy

Macroeconomics of Climate Change in a Dualistic Economy: A Regional General Equilibrium Analysis generates significant, genuinely novel insights about dual economies and sustainable economic growth. These insights are generalize-able and applicable worldwide. The authors overcome existing limitations in general equilibrium modeling. By concentrating on tensions between green growth and dualism, they consider the global efforts against climate change and opposition by specific countries based on economic development needs. Using Turkey as their primary example, they address these two most discussed and difficult issues related to policy setting, blazing a path for those seeking an applied economic research framework to study such economic considerations. Couples a CGE climate change mitigation policy analysis with a dual economy approach Presents methods to model and assess policy instruments for mitigating climate change Provides data sets and models on a freely-accessible companion website Offers a path for those seeking an applied economic research framework to study economic considerations

Modelling the Costs of Environmental Policy

In this book, Rob Dellink shows how emissions and emission reduction policies for five different environmental issues can be included in a forward-looking computable general equilibrium model, building emissions into production and ...

Modelling the Costs of Environmental Policy

'Extending economic models to include environmental emissions and environmental policy is now commonplace. Yet, the linking is often ad hoc and based on peculiar assumptions. In this book, Rob Dellink shows how emissions and emission reduction policies for five different environmental issues can be included in a forward-looking computable general equilibrium model, building emissions into production and consumption functions. At the technical level the book is superb and stands out for its exact specification of how this is done.' - Richard S.J. Tol, Hamburg University, Germany, Free University Amsterdam, The Netherlands and Carnegie Mellon University, US This important new book enhances our understanding of the dynamic interactions between economic activity, economic growth, pollution abatement and environmental policy. It addresses one main policy problem: how can the direct and indirect costs of environmental policy for multiple pollutants be properly assessed in an applied model?

The Dynamics of Environmental and Economic Systems

This book looks for responses to the need for more complex dynamic reasoning in environmental economics by developing a series of both theoretical and empirical integrated approaches.

The Dynamics of Environmental and Economic Systems

Exploiting econometric techniques aimed at dealing with the dynamics of economic systems and the heterogeneity of agents performances, the volume integrates innovation-based reasoning with ex-post analyses, and presents ex-ante analyses able to evaluate the role of climate change policies by using computable general equilibrium models such as the Global Trade Analysis Project for Energy (GTAP-E). The authors merge and use a range of datasets, including OECD-PATSTAT and STAN, to test novel techniques informed by evolutionary economic theories and the Porter hypothesis. The immediate relevance and applicability of the models will strengthen the hand of policy analysts for whom the dynamic efficiency of environmental policy is a new, high-profile evaluation criterion.

Theoretical and Empirical Analysis in Environmental Economics

The importance of this essential book has is related to the transition in the major concerns of the people or governments in developed countries shifting from economic growth to the stability of life and environmental preservation as their ...

Theoretical and Empirical Analysis in Environmental Economics

This monograph presents potential remedies for some of the current environmental issues in developed countries in a theoretical or empirical manner with the interdisciplinary approaches of economics, statistics, and engineering. The book illustrates effective economic and environmental policies for environmental challenges and factors where corrective policies to date may have failed. The importance of this essential book has is related to the transition in the major concerns of the people or governments in developed countries shifting from economic growth to the stability of life and environmental preservation as their economies have matured. The environmental issues dealt with here include forest environment tax introduced as part of local taxes, air pollution reduction policies for mobile emission sources, introduction of renewable energies and power fuel cell technology, the mechanism of city agglomeration and dispersion, and measurement of environmental sustainability. In analytical methods, some research employs theoretical approaches such as the mathematical economic model or nonlinear dynamic model. Other analyses are implemented with empirical or statistical tools such as the long-run general equilibrium model, the input–output model, and the dynamic optimization model, among others.

Environmental Economics and Computable General Equilibrium Analysis

This book addresses major issues such as a growing world energy demand, environmental degradation due to anthropogenic greenhouse gas (GHG) emission, and risk management of disastrous events such as pandemics, abnormal climate, and ...

Environmental Economics and Computable General Equilibrium Analysis

This book addresses major issues such as a growing world energy demand, environmental degradation due to anthropogenic greenhouse gas (GHG) emission, and risk management of disastrous events such as pandemics, abnormal climate, and earthquakes. Using cutting-edge analytical tools, particularly computable general equilibrium (CGE) modelling, the analyses are focused on a very wide range of policy-relevant economic questions for the Asia-Pacific region, especially for Japan, China, India, Vietnam, and smaller nations, including Brunei, Timor Leste, and Fiji. The first part considers (a) the effects of climate change on agriculture sectors, energy policies, and future GHG emission trends, (b) adaptation to climate changes in energy policy and its impacts on the economies, and (c) risk management of catastrophic events such as global pandemics. The second part examines (a) energy environmental issues, (b) economic impacts of natural disaster and depopulation, and (c) effects of informatics development on risk management, using CGE modelling and other methods in regional science fields. Contributors are internationally active leading CGE modellers and environmental economists. The book should be greatly beneficial for scholars and graduate students as well as policy makers who are interested in the economic effects and management of risks relating to climate change and disastrous events.

Economic Models of Material Product Chains for Environmental Policy Analysis

The book examines the physical and economic aspects of flows of materials and products, as well as the policies and strategies designed to reduce the related resource depletion and environmental pollution.

Economic Models of Material Product Chains for Environmental Policy Analysis

A theoretical and empirical contribution to the quest for sustainability and environmental quality. The book examines the physical and economic aspects of flows of materials and products, as well as the policies and strategies designed to reduce the related resource depletion and environmental pollution. The `material-product chain' concept forms a general framework, defined as a system of linked flows of materials and products that support the provision of a certain service. Various economic models of material-product chains are studied, both theoretical and applied, such as static optimisation, dynamic simulation and general equilibrium models. Applications to metals, rain gutters and window frames are described. Audience: Readers in universities, research organizations and policy institutes interested in the environment, economics and government policy.

The New Generation of Computable General Equilibrium Models

This book covers some important topics in the construction of computable general equilibrium (CGE) models and examines use of these models for the analysis of economic policies, their properties, and their implications.

The New Generation of Computable General Equilibrium Models

This book covers some important topics in the construction of computable general equilibrium (CGE) models and examines use of these models for the analysis of economic policies, their properties, and their implications. Readers will find explanation and discussion of the theoretical structure and practical application of several model typologies, including dynamic, stochastic, micro-macro, and simulation models, as well as different closure rules and policy experiments. The presentation of applications to various country and problem-specific case studies serves to provide an informed and clearly articulated summary of the state of the art and the most important methodological advancements in the field of policy modeling within the framework of general equilibrium analysis. The book is an outcome of a recent workshop of the Italian Development Economists Association attended by a group of leading practitioners involved in the generation of CGE models and research on modeling the economy and policy making. It will be of interest to researchers, professional economists, graduate students, and knowledgeable policy makers.

Ph D Thesis

Ph D  Thesis


Growth Volume 1

Jorgenson uses the model to analyze the impacts of environmental regulations on US economic growth and tax policies for controlling U.S. emissions of carbon dioxide.

Growth  Volume 1

Volume 1: Econometric General Equilibrium Modeling presents an econometric approach to general equilibrium modeling of the impact of economic policies. Earlier approaches were based on the "calibration" of general equilibrium models to a single data point. The obvious disadvantage of calibration is that it requires highly restrictive assumptions about technology and preferences, such as fixed input-output coefficients. These assumptions are contradicted by the massive evidence of energy conservation in response to higher world energy prices, beginning in 1973. The econometric approach to general equilibrium modeling successfully freed economic policy analysis from the straitjacket imposed by calibration. As a consequence of changes in energy prices and new environmental policies, a wealth of historical experience has accumulated over the past two decades. Interpreted within the framework of the neoclassical theory of economic growth, this experience provides essential guidelines for future policy formation. Volume 2: Energy, the Environment, and Economic Growth presents a new econometric general equilibrium model of the United States that captures the dynamic mechanisms underlying growth trends and responses to energy and environmental policies. Jorgenson uses the model to analyze the impacts of environmental regulations on US economic growth and tax policies for controlling U.S. emissions of carbon dioxide.

Environmental Policy Sustainability and Welfare

This comprehensive and accessible textbook addresses important relationships between economics and environmental policy, especially highlighting the role of taxation.

Environmental Policy  Sustainability and Welfare

This comprehensive and accessible textbook addresses important relationships between economics and environmental policy, highlighting in particular the role of taxation. It also connects environmental policy to social accounting by describing how measures of welfare and sustainable development depend on whether policies successfully internalize market failures.The authors discuss how the modern literature on environmental taxation and tradable permits has evolved. Environmental taxation is examined from a purely corrective perspective, and as part of a broader system of optimal taxation that reflects distributional objectives. Cost benefit rules of environmental policy reforms are also examined in various contexts. Key features include: * Examination of optimal tax policy in static and dynamic general equilibrium models with environmental externalities* Examination of cost benefit rules for environmental policy reforms* Essential historical background to the modern literature on environmental policy* Discussion of measures of welfare and sustainable development* Environmental policy from a fiscal federalism perspective.This textbook will be essential reading for those studying environmental economics and environmental policy, working effectively as both an in-depth supplementary text in general courses on environmental economics and a strong main source for environmental policy courses.

An Introduction to Computational Macroeconomics

This book presents an introduction to computational macroeconomics, using a new approach to the study of dynamic macroeconomic models.

An Introduction to Computational Macroeconomics

This book presents an introduction to computational macroeconomics, using a new approach to the study of dynamic macroeconomic models. It solves a variety of models in discrete time numerically, using a Microsoft Excel spreadsheet as a computer tool. The solved models include dynamic macroeconomic models with rational expectations, both non-microfounded and microfounded, constituting a novel approach that facilitates the learning and use of dynamic general equilibrium models, which have now become the principal tool for macroeconomic analysis. Spreadsheets are widely known and relatively easy to use, meaning that the computer skills needed to work with dynamic general equilibrium models are affordable for undergraduate students in Advanced Macroeconomics courses.

Using Dynamic General Equilibrium Models for Policy Analysis

This volume offers an up-to-date treatment of dynamic general equilibrium modelling. The book, written by some of the most experienced researchers in the field, contains a rich array of policy settings.

Using Dynamic General Equilibrium Models for Policy Analysis

This volume offers an up-to-date treatment of dynamic general equilibrium modelling. The book, written by some of the most experienced researchers in the field, contains a rich array of policy settings. The issues considered include trends in the policy use of dynamic general equilibrium models, environmental policy, trade liberalization and enlargement of the European Union, the impact of education and tax policy on human capital accumulation, tax policy and the labour market, and public finances in relation to population ageing.

Research Tools In Natural Resource And Environmental Economics

A collection of scholarly accounts and articles written by recognized experts in environmental economics, this book is the first of its kind and as a valuable reference and textual source for graduate students and active researchers.

Research Tools In Natural Resource And Environmental Economics

A collection of scholarly accounts and articles written by recognized experts in environmental economics, this book is the first of its kind and as a valuable reference and textual source for graduate students and active researchers. It draws together the pedagogical discussion of the key tools used to conduct theoretical and empirical research in natural resource and environmental economics. With contributions by prominent international researchers like Robert Ayres, Charles Perrings and Anastasios Xepapadeas, the book will be useful for researchers who wish to learn new techniques or change their area of research emphasis within natural resource and environmental economics or those who wish to familiarize themselves with these tools.

Essays on Adaptation to Rare Disasters

Mots-clés de l'auteur: Environmental economics ; uncertainty ; adaptation ; natural disasters and their management ; computable general equilibrium models ; dynamic stochastic general equilibrium modesl ; adaptive sparse grids ; parallel ...

Essays on Adaptation to Rare Disasters

Mots-clés de l'auteur: Environmental economics ; uncertainty ; adaptation ; natural disasters and their management ; computable general equilibrium models ; dynamic stochastic general equilibrium modesl ; adaptive sparse grids ; parallel computing.

Introduction into Capital Theory

Capital theory is a cornerstone of modern economics.

Introduction into Capital Theory

Capital theory is a cornerstone of modern economics. Its ideas are fundamental for dynamic equilibrium theory and its concepts are applied in many branches of economics like game theory, resource and environmental economics, although this may not be recognized on a first glance. In this monograph, an approach is presented, which allows to derive important results of capital theory in a coherent and readily accessible framework. A special emphasis is given on infinite horizon and overlapping generations economics. Irreversibility of time, or the failure of the market system appear in a different light if an infinite horizon framework is applied. To bridge the gap between pure and applied economic theory, the structure of our theoretical approach is integrated in a computable general equilibrium model.

The Flawed Foundations of General Equilibrium Theory

This book, as the title suggests, explains how General equilibrium, the dominant conceptual framework in mainstream economics, describes a perfectly impossible world.

The Flawed Foundations of General Equilibrium Theory

This book, as the title suggests, explains how General equilibrium, the dominant conceptual framework in mainstream economics, describes a perfectly impossible world. Even with its counterfactual assumptions taken for granted, it fails on many levels. Under the impressive editorship of Ackerman and Nadal, this book will appeal to students and researchers in economics and related social science disciplines.

Handbook of Environmental Economics

Brookings Papers on Economic Activity 4, 529–577. Nordhaus, W.D. (1994). Managing the Global Commons: The Economics of Climate Change. MIT Press, Cambridge. Nordhaus, W.D., Yang, Z. (1996). “A regional dynamic general-equilibrium model ...

Handbook of Environmental Economics

Many of the frontiers of environmental economics research are at the interface of large-scale and long-term environmental change with national and global economic systems. This is also where some of the most of challenging environmental policy issues occur. Volume 3 of the Handbook of Environmental Economics provides a synthesis of the latest theory on economywide and international environmental issues and a critical review of models for analyzing those issues. It begins with chapters on the fundamental relationships that connect environmental resources to economic growth and long-run social welfare. The following chapters consider how environmental policy differs in a general-equiIibrium setting from a partial-equilibrium setting and in a distorted economy from a perfect economy. The volume closes with chapters on environmental issues that cross or transcend national borders, such as trade and the environment, biodiversity conservation, acid rain, ozone depletion, and global climate change. The volume provides a useful reference for not only natural resource and environmental economists but also international economists, development economists, and macroeconomists.