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GTAP Resource #528

"Emission Trading, Capital Flows and the Kyoto Protocol"
by McKibbin, Warwick, Martin Ross, R. Shackleton and P.J. Wilcoxen


Abstract
We use an econometrically estimated multi-region, multi-sector general equilibrium model of the world economy to examine the effects of the tradable emissions permit system proposed in the 1997 Kyoto protocol, under various assumptions about that extent of international permit trading. We focus, in particular, on the effects of the system on international trade and capital flows. Our results suggest that consideration of these flows significantly affects estimates of the domestic effects of the emissions mitigation policy, compared with analyses that ignore international capital flows.


Resource Details (Export Citation) GTAP Keywords
Category: GTAP Application
Status: Not published
By/In: Presented to the IPCC Working Group III Experts Meeting, The Hague, Netherlands, May 27-28
Date: 1999
Version:
Created: (3/28/2001)
Updated: Bacou, M. (1/18/2003)
Visits: 6,389
No keywords have been specified.


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Last Modified: 9/15/2023 2:05:45 PM