Long-Run Effects of Post-Kyoto Policies: Applying a Fully Dynamic CGE model with Heterogeneous Capital

Arbeitspapier

The paper develops a new type of CGE model to predict the effects of carbon policies on consumption, welfare, and sectoral development in the long run. Growth is fully endogenous, based on increasing specialization in capital varieties, and speci c in each sector of the economy. The benchmark scenario is calculated based on the endogenous gains from specialization which carry over to policy simulation. Applying the model to the Swiss economy we nd that a carbon policy following the Copenhagen Accord entails a moderate but not negligible welfare loss compared to development without any negative e ects of climate change. Energy extensive as well as capital and knowledge intensive sectors pro t in the form of increased growth rates.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Economics Working Paper Series ; No. 10/129

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Climate; Natural Disasters and Their Management; Global Warming ; Computational Techniques; Simulation Modeling ; One, Two, and Multisector Growth Models ; Energy and the Macroeconomy ; Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
• Thema: Carbon policy ; CGE models ; energy and endogenous growth ; heterogeneous capital ; Klimawandel ; Treibhausgas-Emissionen ; Internationale Umweltpolitik ; Internationale Arbeitsteilung ; Allgemeines Gleichgewicht ; Mehrsektoren-Modell ; Endogenes Wachstumsmodell ; Schweiz

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Bretschger, Lucas ; Ramer, Roger ; Schwark, Florentine
• Ereignis: Veröffentlichung
• (wer): ETH Zurich, CER-ETH - Center of Economic Research
• (wo): Zurich
• (wann): 2010

Weitere Informationen

• DOI: doi:10.3929/ethz-a-006039070
• Handle: http://hdl.handle.net/10419/171572
• Letzte Aktualisierung: 10.03.2025, 11:44 MEZ