GTAP Resources: Resource Display
GTAP Resource #528 |
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"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. |
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Public Access GTAP Resource 528 (169.4 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