GTAP Resources: Resource Display
| GTAP Resource #4220 |
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"Fossil Fuel Producing Economies Have Greater Potential for Interfuel Substitution" by Steinbuks, Jevgenijs and Badri Narayanan Abstract This study extends the literature on interfuel substitution by investigating the role of transactions costs and technological adjustment, focusing specifically on differences across countries with different potential for fossil fuel production. We find that fossil fuel producing economies have higher elasticities of interfuel substitution. Our simulations show that, compared to the baseline case of uniform elasticities, energy and climate policies result in a greater substitution among different sources of energy for countries with larger potential to produce fossil fuels. These results are important because they imply lower economic cost for policies aimed at climate abatement and more efficient utilization of energy resources in energy-intensive economies. Keywords: climate policies, dynamic linear logit, energy subsidies, fossil fuel production, GTAP-E model, interfuel substitution JEL: E22, H25, Q41 |
| Resource Details (Export Citation) | GTAP Keywords | ||||||||||||||||||
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- Calibration and parameter estimation - Climate change policy - Economic development - The GTAP Data Base and extensions |
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If you have trouble accessing any of the attachments below due to disability, please contact the authors listed above.
Public Access  GTAP Working Paper 73. (713.3 KB) Replicated: 0 time(s)Restricted Access No documents have been attached. Special Instructions No instructions have been specified. |
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Last Modified: 9/15/2023 2:05:45 PM
