THE INCOME DISTRIBUTION IMPACTS OF CLIMATE CHANGE MITIGATION POLICY
|
|
|
- Todd Bond
- 5 years ago
- Views:
Transcription
1 THE INCOME DISTRIBUTION IMPACTS OF CLIMATE CHANGE MITIGATION POLICY G. A. OLADOSU AND A. Z. ROSE PRESENTED AT THE 24 TH ANNUAL IAEE MEETING, WASHINGTON D.C. JULY
2 INTRODUCTION MARKET INSTRUMENTS: CARBON TAXES &TRADABLE PERMITS NEGATIVE MACROECONOMIC EFFECTS DISTRIBUTION IMPACTS FEW STUDIES
3 IMPORTANCE OF DISTRIBUTION EFFECTS UNEVEN ACROSS STAKEHOLDERS EQUITY ISSUES SECOND BEST WORLD EQUITY AND EFFICIENCY INTERTWINED POLITICAL CONSIDERATIONS SCALE ISSUES DOUBLEDIVIDEND DIVIDEND HYPOTHESIS
4 FACTORS IN DISTRIBUTION OUTCOMES ENERGY INTENSITY NATURE OF THE TAX SUBSTITUTION POSSIBILITIES FACTOR MOBILITY GENERAL EQUILIBRIUM EFFECTS REVENUE RECYCLING OPTION DYNAMIC EFFECTS TECHNICAL CHANGE
5 THE COMPUTABLE GENERAL EQUILIBRIUM MODEL CLIMATE CHANGE IN A REGIONAL ECONOMY 49 PRODUCTION SECTORS ELECTRICITY SUBDIVIDED INTO 5 TYPE GAS, COAL, PETROLEUM, NUCLEAR AND HYDRO 9 HOUSEHOLD INCOME GROUPS $0$5k; $5k; $5$10k; $10k; $10$15k; $15k; $15$20k; $20k; $20$30k; $30k; $30$40k; $40k; $40$50k; $50k; $50$70k; $70k; > $70K
6 THE COMPUTABLE GENERAL EQUILIBRIUM MODEL PRODUCTION: NNCES FUNCTION CONSUMPTION: NONMARKET LINEAR EXPENDITURE SYSTEM LABOR AND CAPITAL INCOME ALLOCATION: OCCUPATIONAL MATRIX PARAMETERS: ESTIMATION AND LITERATURE
7 SIMULATIONS: CLOSURE CONDITIONS CONSUMPTION TAX CONDITIONS: $25/tC Sector Fuel Price Emission Factor Percent Tax Coal Crude Oil Natural Gas GENERAL CLOSURE CONDITIONS: Sectoral occupational wage rates are linear functions of a freely adjusting average wage rate Sectoral government expenditures are constant shares of total government spending, while government balance is fixed at the benchmark level Transfers are constant shares of transferors income EXTERNAL CLOSURE: Import and export prices adjust to maintain 1995 relative domestic and external prices External agents savings adjust to maintain a zero overall balance of payments SHORTRUN CLOSURE RULES: Capital stock is fixed by sector, and sectoral return rates adjusts freely LONGRUN CLOSURE RULES: $26.8/short ton $17.2/barrel $2.8/mcf ton/mmbtu ton/mmbtu ton/mmbtu Capital is mobile across sectors, and sectoral return rate is a linear function of average rate of return in the economy Total capital stock is flexible, and relative wage and capital return rate is constant
8 SIMULATIONS: MACROECONOMIC EFFECTS (% Changes) Gross Output Real GRP Employment Capital Stock Tax revenue Household income Government income Average wage rate Average capital return rate Producer price index Carbon emission ShortRun LongRun
9 SIMULATIONS: SECTORAL EFFECTS (% Changes) Price Output Price Output ShortRun LongRun Coal Crude Oil Natural Gas Manufacturing Petroleum products Transportation Electric Services Gas Utilities
10 SIMULATIONS: HOUSEHOLD WELFARE All Short Run: Units Eq. Var. per Capita 10 3 $ Eq. Var. per Income Per Capita Income (%) Gini Coefficient (%) 0.15 Theil Index (%) 0.14 Long Run Units Eq. Var. per Capita 10 3 $ Eq. Var. per Income Per Capita Income (%) Gini Coefficient (%) 0.16 Theil Index (%) 0.15
11 Others Commodities Recreation Health Transportation Clothing/Jewelry Household Operation Fuel/Utilities Housing Food LongRun Others Commodities Recreation Health Transportation Clothing/Jewelry Household Operation Fuel/Utilities Housing Food ShortRun SIMULATIONS: HOUSEHOLD DEMAND
12 SIMULATIONS: SENSITIVITY ANALYSIS AGGREGATE IMPACTS OF THE TAX IS NONLINEAR WEAK FORM OF THE DOUBLEDIVIDEND DIVIDEND HYPOTHESIS LUMPSUM TRANSFER HAS BETTER DISTRIBUTIONAL IMPACT THAN PERSONAL TAX REDUCTION
13 CONCLUSIONS MODEST AGGREGATE IMPACTS ENERGY SECTORS BEAR BRUNT MILDLY PROGRESSIVE DETAILED DISTRIBUTIONAL MODELING MANY OTHER EFFECTS REMAIN DYNAMICS TECHNICAL CHANGE
Using a Carbon Tax to Meet U.S. International Climate Pledges
Using a Carbon Tax to Meet U.S. International Climate Pledges Introduction and Motivation U.S. pledge in the Paris agreement Reduce greenhouse gas emissions by 26-28 percent, relative to 2005, by 2025
A Computable General Equilibrium Model of Energy Taxation
A Computable General Equilibrium Model of Energy Taxation André J. Barbé Department of Economics Rice University International Association for Energy Economics June 16, 2014 Barbé A New Model of Energy
The Btu Tax: Effects on Energy Markets and the Southwest
The Btu Tax: Effects on Energy Markets and the Southwest Although the Btu tax is a small part of President Clinton s overall budget package, it has important implications for the energy industry and some
Options for Mitigating Adverse Carbon Tax Impacts on EITE Industries
Options for Mitigating Adverse Carbon Tax Impacts on EITE Industries Richard D. Morgenstern Climate Policy Initiative Dialogue Meeting October 19, 2012 What is Competitiveness? Increase in production costs
GETTING TO AN EFFICIENT CARBON TAX How the Revenue Is Used Matters
32 GETTING TO AN EFFICIENT CARBON TAX How the Revenue Is Used Matters Results from an innovative model run by Jared Carbone, Richard D. Morgenstern, Roberton C. Williams III, and Dallas Burtraw reveal
Investigating the Relationship between Green Tax Reforms and Shadow Economy Using a CGE Model - A Case Study in Iran
Iran. Econ. Rev. Vol. 21, No.1, 2017. pp. 153-167 Investigating the Relationship between Green Tax Reforms and Shadow Economy Using a CGE Model - A Case Study in Iran Abstract I Seyyedeh Sara Mirhosseini
FAQ - Environmental Pollution Tax Law in Viet Nam -
What are the taxed objects and planned tax rates? Viet Nam seeks to implement tax on the following commodities: Refined fuels (gasoline, diesel, mazut, paraffin, kerosene) Coal Hdrochlorofluorocarbon (HCFC)
Ross Garnaut The University of Melbourne 8 April The Centre for Contemporary Chinese Studies
Ross Garnaut The University of Melbourne 8 April 2014 The Centre for Contemporary Chinese Studies Agricultural and rural reform and growth 1978-84 Investment expansion while seeking ideological and political
Energy, welfare and inequality: a micromacro reconciliation approach for Indonesia
Energy, welfare and inequality: a micromacro reconciliation approach for Indonesia Lorenza Campagnolo Feem & Ca Foscari University of Venice Venice, 16 January 2014 Outline Motivation Literature review
Objectives AGGREGATE DEMAND AND AGGREGATE SUPPLY
AGGREGATE DEMAND 7 AND CHAPTER AGGREGATE SUPPLY Objectives After studying this chapter, you will able to Explain what determines aggregate supply Explain what determines aggregate demand Explain macroeconomic
Does the co-existence of carbon emission trading and white certificate make sense? The case of China
Presented at the 40 th International Conference of IAEE, 19-21 June 2017 Does the co-existence of carbon emission trading and white certificate make sense? The case of China Lei ZHU, Yuan Li, Xin WANG
General Equilibrium Analysis Part II A Basic CGE Model for Lao PDR
Analysis Part II A Basic CGE Model for Lao PDR Capacity Building Workshop Enhancing Capacity on Trade Policies and Negotiations in Laos May 8-10, 2017 Vientienne, Lao PDR Professor Department of Economics
Luxembourg - Luxembourg
- Demand sector 9 sector 9 Services;,37; 9% Agriculture;,; % Industry;,6; 5% Agriculture;,98; % Fishing;,9; % ;,7; % Households;,57; % Transport;,9; 6% Services;,76; 3% Industry; 69,6; % Total Mtoe,8 Households
Bulgaria - Bulgaria. Total Mtoe 8,60. Households Transport. Other
- Demand sector 9 sector 9 Agriculture;,1; % Services;,9; 11% Households;,1; 5% ;,; % Industry;,3; % Transport;,93; 3% Total Mtoe, Agriculture;,9; % Services; 1,7; 13% Households ; 95,1; 7% Fishing;,91;
The Irrelevance of Detail in a Computable General Equilibrium Model
University of Illinois at Urbana-Champaign From the SelectedWorks of Don Fullerton May, 1991 The Irrelevance of Detail in a Computable General Equilibrium Model Tyler Fox Don Fullerton, University of Illinois
Main Features. Aid, Public Investment, and pro-poor Growth Policies. Session 4 An Operational Macroeconomic Framework for Ethiopia
Aid, Public Investment, and pro-poor Growth Policies Addis Ababa, August 16-19, 2004 Session 4 An Operational Macroeconomic Framework for Ethiopia Pierre-Richard Agénor Main features. Public capital and
Long Term Economic Growth Projections and Factor Shares
Long Term Economic Growth Projections and Factor Shares Warwick J. McKibbin Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, ANU & The Brookings Institution Extension of: Long
Estonia - Eesti. Total Mtoe 2,77. Transport Industry Total final consumption by fuel (in % of total Mtoe) Gases (3); 0,18; 7% Other
- Eesti Demand sector 9 sector 9 Agriculture;,9; 3% ;,; % Agriculture;,98; % Fishing;,91; % ; 1,7; 1% Services;,; 15% Households;,97; 35% Industry;,5; % Transport;,7; 7% Total Mtoe,77 Services; 1,7; 13%
The Double Dividend: Fact or Fallacy?
Andrea Garnero Master PPD - Paris School of Economics March 31 th 2010 1 2 First approaches More recent approaches 3 Some calibrations for France Other countries 4 1 2 First approaches More recent approaches
Environ. Tax Reform and Endogenous Growth The Swiss Case
Environ. Tax Reform and Endogenous Growth The Swiss Case 4 th SimLab Educational Workshop Christos Karydas Center of Economic Research at ETH Zurich March 29, 2017 Environ. Tax Reform and Endogenous Growth
Don Fullerton, University of Illinois Garth Heutel, UNC-Greensboro
Don Fullerton, University of Illinois Garth Heutel, UNC-Greensboro We study two parts of energy policy incidence Uses side: prices of some goods rise relative to others, hurting some people more than others
Austria - Österreich
- Österreich Demand sector 9 sector 9 Agriculture;,3; % Fishing;,; % ;,; % Agriculture;,9; % Fishing;,91; % ; 1,7; 1% Services;,7; 1% Industry;,; 31% Services; 1,7; 13% Industry; 9,; % Households;,1; 3%
Latvia - Latvija. Total Mtoe 3,91. Industry Industry. Other
- Latvija Demand sector 9 sector 9 Agriculture;,; % Services;,; % Households;,; 9% Fishing;,; % ;,; % Industry;,; % Transport;,; % Total Mtoe,9 Agriculture;,98; % Services;,; % Households ; 9,; % Fishing;,9;
UK-Ethiopia Trade & Investment Forum 2015 October 2015
UK-Ethiopia Trade & Investment Forum 2015 October 2015 The Presentation Covers GTP-I: 2010/11-2014/15 Macroeconomic Objectives and Targets Main Macroeconomic Targets Macro Policies Macroeconomic Outcomes
Hungary - Magyarorszag
- Magyarorszag Demand sector 9 sector 9 Agriculture;,; 3% ;,; % Industry;,7; 1% Agriculture;,98; % Fishing;,91; % ; 1,7; 1% Services;,99; 18% Households;,; 3% Transport;,78; 9% Total Mtoe 1,1 Services;
Chapter 9 Introduction to Economic Fluctuations
Chapter 9 Introduction to Economic Fluctuations facts about the business cycle how the short run differs from the long run an introduction to aggregate demand an introduction to aggregate supply in the
Carbon Tax and Equity
Center for International Research on Environment and Development Paris, France Carbon Tax and Equity The Importance of Policy Design Emmanuel Combet Frédéric Ghersi Jean Charles Hourcade Daniel Théry Problematic:
Inflation projection of the National Bank of Poland based on NECMOD model. June 2008
Inflation projection of the National Bank of Poland based on NECMOD model June 2008 1 11 10 9 8 7 6 5 4 3 2 1 0-1 -2-3 -4-5 percent Inflation projection June 2008 05q1 05q3 06q1 06q3 07q1 07q3 08q1 08q3
Macroeconomics II The Large Open Economy
Macroeconomics II The Large Open Economy Vahagn Jerbashian Ch. 5 from Mankiw (2010, 2003) Spring 2018 Net capital outflow In small open economy (with perfect capital mobility) interest rate is given by
Macroeconomics II The Large Open Economy. Net capital outflow Notes. Notes. Vahagn Jerbashian. Spring 2018
Macroeconomics II The Large Open Economy Vahagn Jerbashian Ch. 5 from Mankiw (2010, 2003) Spring 2018 Net capital outflow In small open economy (with perfect capital mobility) interest rate is given by
Hybrid Linking TIAM-KLEM: Assessing technological pathways from INDCs towards 1.5C James Glynn, Frédric Ghersi, Franck Lecocq,
Hybrid Linking TIAM-KLEM: Assessing technological pathways from INDCs towards 1.5C James Glynn, Frédric Ghersi, Franck Lecocq, ERI-UCC, CIRED - IEW2016 Cork, IRELAND Brian Ó Gallachóir Outline Research
Climate Action Peer Exchange for Finance Ministries
Climate Action Peer Exchange for Finance Ministries Key Questions for Finance Ministries 1 BIG GAPS REMAIN MANY AROUND THE WORLD ARE IN NEED OF THE BASICS How do I promote environmentally sustainable growth
Economic and Social Survey of Asia and the Pacific 2017 Governance and Fiscal Management
Economic and Social Survey of Asia and the Pacific 217 Governance and Fiscal Management Launch and Panel Discussion on the UN Economic and Social Survey of Asia and the Pacific 217: Korean Perspective
Belgium - Belgique / België
- Belgique / België Demand sector 29 sector 29 Agriculture;,81; 2% Fishing;,; % ;,6; % Agriculture; 24,98; 2% Fishing;,91; % ; 14,72; 1% Services; 4,6; 13% Industry; 9,61; 28% Transport; 11,13; 33% Services;
Discounting the Benefits of Climate Change Policies Using Uncertain Rates
Discounting the Benefits of Climate Change Policies Using Uncertain Rates Richard Newell and William Pizer Evaluating environmental policies, such as the mitigation of greenhouse gases, frequently requires
New Study Shows that Returning Carbon Revenues Directly to Households would be Net Financially Positive for the Vast Majority of Households
Carbon Dividends Would Benefit Canadian Families New Study Shows that Returning Carbon Revenues Directly to Households would be Net Financially Positive for the Vast Majority of Households September 24,
Background Paper No. 3: Selected Issues on The Management Of Oil Windfalls
Republic of Kazakhstan Country Economic Memorandum Getting Competitive, Staying Competitive: The Challenge of Managing Kazakhstan s Oil Boom* Background Paper No. 3: Selected Issues on The Management Of
Report ISBN: (PDF)
Report ISBN: 978-0-478-38248-8 (PDF) NZIER is a specialist consulting firm that uses applied economic research and analysis to provide a wide range of strategic advice to clients in the public and private
APPENDIX B: WHOLESALE AND RETAIL PRICE FORECAST
Seventh Northwest Conservation and Electric Power Plan APPENDIX B: WHOLESALE AND RETAIL PRICE FORECAST Contents Introduction... 3 Key Findings... 3 Background... 5 Methodology... 7 Inputs and Assumptions...
Distributional Implications of Proposed US Greenhouse Gas Control Measures Sebastian Rausch, Gilbert E. Metcalf, John M. Reilly and Sergey Paltsev
Distributional Implications of Proposed US Greenhouse Gas Control Measures Sebastian Rausch, Gilbert E. Metcalf, John M. Reilly and Sergey Paltsev Paper prepared for the UC-UI-RFF Energy Policy Symposium
CHANGING THE TAXATION REGIME FOR INVESTORS IN THE HOUSING MARKET
CHANGING THE TAXATION REGIME FOR INVESTORS IN THE HOUSING MARKET BRIEFING REPORT FOR MASTER BUILDERS AUSTRALIA APRIL 2018 SUMMARY REPORT Housing affordability, particularly for first home buyers, is an
Carbon Dividends Would Benefit New Brunswick Families. October 17th Study: Carbon Dividends would benefit Canadian families
Carbon Dividends Would Benefit New Brunswick Families New Study Shows that Returning Carbon Revenues Directly to New Brunswick Households would be Net Financially Positive for the Vast Majority of Households
Economic Feasibility and Investment Decisions of Coal and Biomass to Liquids
Economic Feasibility and Investment Decisions of Coal and Biomass to Liquids Oleg Kucher and Jerald J. Fletcher West Virginia University 30 th USAEE/IAEE North American Conference, October 9-12, 2011,
Economic Growth and Income Distribution: Linking Macroeconomic Models with Household Surveys at the Global Level
Economic Growth and Income Distribution: Linking Macroeconomic Models with Household Surveys at the Global Level Maurizio Bussolo, Rafael E. De Hoyos, and Denis Medvedev The World Bank Presented by: Maurizio
A Generalized Equilibrium Approach to Balance the Residual Abatements Resulting from COP-21 Agreement
1 / 21 A Generalized Equilibrium Approach to Balance the Residual Abatements Resulting from COP-21 Agreement Frédéric Babonneau, Alain Haurie and Marc Vielle ETSAP Workshop - Cork May 30-31, 2016 2 / 21
14.02 Principles of Macroeconomics Problem Set # 2, Answers
14.0 Principles of Macroeconomics Problem Set #, Answers Part I 1. False. The multiplier is 1/ [1- c 1 (1- t)]. The effect of an increase in autonomous spending is dampened because taxes respond proportionally
Dynamic Macroeconomics
Chapter 1 Introduction Dynamic Macroeconomics Prof. George Alogoskoufis Fletcher School, Tufts University and Athens University of Economics and Business 1.1 The Nature and Evolution of Macroeconomics
The Economic Impact of Belarus Accession to the WTO: A Quantitative Assessment
IPM Research Center German Economic Team in Belarus PP/14/04 The Economic Impact of Belarus Accession to the WTO: A Quantitative Assessment Summary In this paper a computable general equilibrium model
Instilling Trust in Federal Statistics
Instilling Trust in Federal Statistics KEVIN D. DAYARATNA, PH.D. Senior Statistician and Research Programmer The Heritage Foundation Washington DC Nothing written here is to be construed as necessarily
ECC Macroeconomics Summary Notes
ECC1100 - Macroeconomics Summary Notes Contents General Definitions... 3 Australia s National and International Accounts... 4 Nominal and Real GDP... 4 Balance of Payment Accounts... 5 Other National Accounting
Fiscal and Monetary Policy in the Growth Model. Introduction
Introduction Fiscal and Monetary Policy in the Growth Model A. Our focus will be on fiscal and monetary policies over a longtime horizon. (ex. 10 years) B. Ex. The federal budget deficit was much higher
Chapter 6 SUMMARY, CONCLUSIONS AND RECOMMENDATIONS
Chapter 6 SUMMARY, CONCLUSIONS AND RECOMMENDATIONS 6.1. Summary Poverty, inequality and unemployment are realities within the South African economy, and policy intervention is called for. One policy intervention
A Course in Environmental Economics: Theory, Policy, and Practice. Daniel J. Phaneuf and Till Requate
1 A Course in Environmental Economics: Theory, Policy, and Practice PART I: ECONOMICS AND THE ENVIRONMENT Daniel J. Phaneuf and Till Requate 1. Introduction to the Theory of Externalities 1.1 Market failure
For students electing Macro (8702/Prof. Smith) & Macro (8701/Prof. Roe) option
WRITTEN PRELIMINARY Ph.D EXAMINATION Department of Applied Economics June. - 2011 Trade, Development and Growth For students electing Macro (8702/Prof. Smith) & Macro (8701/Prof. Roe) option Instructions
DISTRIBUTIONAL IMPLICATIONS OF A NATIONAL CO 2 TAX IN THE U.S. ACROSS INCOME CLASSES AND REGIONS: A MULTI-MODEL OVERVIEW
Climate Change Economics, Vol. 9, No. 1 (2018) 1840004 (32 pages) The Author(s) DOI: 10.1142/S2010007818400043 DISTRIBUTIONAL IMPLICATIONS OF A NATIONAL CO 2 TAX IN THE U.S. ACROSS INCOME CLASSES AND REGIONS:
NBER WORKING PAPER SERIES TWO GENERALIZATIONS OF A DEPOSIT-REFUND SYSTEM. Don Fullerton Ann Wolverton
NBER WORKING PAPER SERIES TWO GENERALIZATIONS OF A DEPOSIT-REFUND SYSTEM Don Fullerton Ann Wolverton Working Paper 7505 http://www.nber.org/papers/w7505 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts
Inflation, Unemployment and the Federal Reserve Policy Chapter 16
Inflation, Unemployment and the Federal Reserve Policy Chapter 16 The Discover of the Short-Run Trade-off between Unemployment and Inflation Phillips curve: A curve showing the short-run relationship between
Appendix A Specification of the Global Recursive Dynamic Computable General Equilibrium Model
Appendix A Specification of the Global Recursive Dynamic Computable General Equilibrium Model The model is an extension of the computable general equilibrium (CGE) models used in China WTO accession studies
New Member States Climate Protection and Economic Growth. Macroeconomic implications of a burden sharing non-ets GHG target in Bulgaria and Romania
New Member States Climate Protection and Economic Growth Macroeconomic implications of a burden sharing non-ets GHG target in Bulgaria and Romania Policy Brief 1 Kostas Fragkiadakis ** Carlo C. Jaeger
1. Recent Policy Situation of International Aviation and Climate Change
Outline 1. Recent Policy Situation of International Aviation and Climate Change 2. Emission Trading Simulation under NCG Theory Framework 3. Welfare Consideration for Bargaining among States 2 1. Recent
PRMTR - Trade Policy Simulation Course Maros Ivanic 5 May 2010
PRMTR - Trade Policy Simulation Course Maros Ivanic 5 May 2010 Overview Structure of the model Consumer behavior Producer behavior Government behavior International trade and investment Solution software
Taxing electricity consumption in Spain. Evidence to design the Post-Kyoto World *
Taxing electricity consumption in Spain. Evidence to design the Post-Kyoto World * J.M. Cansino a*, M.A. Cardenete b, M. Ordóñez c and R. Román a a University of Seville (Spain), Universidad Autónoma de
The Benefits of a Carbon Tax Swedish experiences and a focus on developing countries
1 The Benefits of a Carbon Tax Swedish experiences and a focus on developing countries Susanne Åkerfeldt Senior Advisor Ministry of Finance, Sweden susanne.akerfeldt@gov.se +46 8 405 1382; +46 70 681 25
IS BRITISH COLUMBIA S CARBON TAX GOOD FOR HOUSEHOLD INCOME? WORKING PAPER
IS BRITISH COLUMBIA S CARBON TAX GOOD FOR HOUSEHOLD INCOME? WORKING PAPER July 2013 Authors Noel Melton Jotham Peters Navius Research Inc. Vancouver/Toronto Is British Columbia's Carbon Tax Good for Household
UNIVERSITY OF TORONTO Faculty of Arts and Science. August Examination 2013 ECO 209Y. Duration: 2 hours
UNIVERSITY OF TORONTO Faculty of Arts and Science August Examination 2013 ECO 209Y Duration: 2 hours Examination Aids allowed: Non-programmable calculators only LAST NAME FIRST NAME STUDENT NUMBER DO NOT
A N ENERGY ECONOMY I NTERAC TION MODEL FOR EGYPT
A N ENERGY ECONOMY I NTERAC TION MODEL FOR EGYPT RESULTS OF ALTERNATIVE PRICE REFORM SCENARIOS B Y MOTAZ KHORSHID Vice President of the British University in Egypt (BUE) Ex-Vice President of Cairo University
CONTENTS. iii PREFACE
CONTENTS PREFACE iii CHAPTER 1 Aims, Background, Innovations and Presentation 1 1. Introduction 1 2. Background and innovations 2 2.1. Dynamics 4 (a) Physical capital accumulation 4 (b) Financial asset/liability
Heterogeneous Firm, Financial Market Integration and International Risk Sharing
Heterogeneous Firm, Financial Market Integration and International Risk Sharing Ming-Jen Chang, Shikuan Chen and Yen-Chen Wu National DongHwa University Thursday 22 nd November 2018 Department of Economics,
Euro crisis, growing imbalances and social ruptures in Europe
Euro crisis, growing imbalances and social ruptures in Europe A critical perspective in the context of sustainable development Stephan Schulmeister Keynote presentation at the ESDN conference in Kopenhagen
The Controversy of Exchange Rate Devaluation in Sudan
The Controversy of Exchange Rate Devaluation in Sudan An Economy-wide General Equilibrium Assessment Khalid H. A. Siddig International Conference on Economic Modeling, Azores, Portugal: June 29, 2011 Outline
EU ETS IN THE PARIS VISION
EU ETS IN THE PARIS VISION IETA SIDE EVENT COP23 / CMP13 / CMA2 16 November 2017, 18.00 19.30 International Emissions Trading Association Global cross-sectoral business association Over 130 companies Members
Re: Clallam County PUD s opposition to carbon tax legislation (PUD letter attached)
September 23, 2014 Board of Commissioners Clallam County PUD 2431 E. Highway 101 P.O. Box 1090 Port Angeles, WA 98362 Re: Clallam County PUD s opposition to carbon tax legislation (PUD letter attached)
Duty drawbacks, Competitiveness and Growth: The Case of China. Elena Ianchovichina Economic Policy Unit, PREM Network World Bank
Duty drawbacks, Competitiveness and Growth: The Case of China Elena Ianchovichina Economic Policy Unit, PREM Network World Bank Duty drawbacks Duty drawbacks for imported inputs used in the production
Pre-Classical Theory of International Trade. Adam Smith s Theory of Absolute Cost Difference. David Ricardo s Theory of Comparative Cost Advantage.
Learning Objectives International Economics Pre-Classical Theory of International Trade. Adam Smith s Theory of Absolute Cost Difference. David Ricardo s Theory of Comparative Cost Advantage. JS Mill s
Dynamic Scoring of Tax Reform in the Open Economy *
Dynamic Scoring of Tax Reform in the Open Economy * Yoonseok Choi ** Suffolk University Sunghyun H. Kim *** Sungkyunkwan University and Suffolk University Abstract We examine dynamic revenue effects of
Allocation of Emission Allowances: An Economic Perspective
Allocation of Emission Allowances: An Economic Perspective Judson Jaffe Analysis Group, Inc. Harvard Electricity Policy Group 49 th Plenary Session Los Angeles, California BOSTON CHICAGO DALLAS DENVER
The Economic Impact of Oil Prices
The Economic Impact of Oil Prices by Rurik Krymm During the last three months of 1973, the tax-paid costs of typical grades of crude petroleum in the main producing areas of the world, around the Persian
The Benefits of a Carbon Tax Swedish experiences and a focus on developing countries
The Benefits of a Carbon Tax Swedish experiences and a focus on developing countries 1 Why is a Carbon Tax Important Now? Tax Base Protection for Developing Countries Huge challenges Increased revenues
Convergence of Life Expectancy and Living Standards in the World
Convergence of Life Expectancy and Living Standards in the World Kenichi Ueda* *The University of Tokyo PRI-ADBI Joint Workshop January 13, 2017 The views are those of the author and should not be attributed
Welfare Economics. Jan Abrell Centre for Energy Policy and Economics (CEPE) D-MTEC, ETH Zurich. Welfare Economics
Welfare Economics Jan Abrell Centre for Energy Policy and Economics (CEPE) D-MTEC, ETH Zurich Welfare Economics 06.03.2018 1 Outline So far Basic Model Economic Efficiency Optimality Market Economy Partial
AGGREGATE DEMAND, AGGREGATE SUPPLY, AND INFLATION. Chapter 25
1 AGGREGATE DEMAND, AGGREGATE SUPPLY, AND INFLATION Chapter 25 2 One of the most important issues in macroeconomics is the determination of the overall price level Up to now, we took the price level as
Emissions trading with non signatories in a climate agreement
Emissions trading with non signatories in a climate agreement An analysis of coalition stability 2 1 Kai Lessmann* Ottmar Edenhofer* Robert Marschinski* Michael Finus 4 5 3 WCERE 2010, Montreal C * Potsdam
Exercise 1 Output Determination, Aggregate Demand and Fiscal Policy
Fletcher School, Tufts University Exercise 1 Output Determination, Aggregate Demand and Fiscal Policy Prof. George Alogoskoufis The Basic Keynesian Model Consider the following short run keynesian model
Modelling the global wheat market using a GVAR model
Wageningen University Agricultural Economics and Rural Policy Modelling the global wheat market using a GVAR model MSc Thesis by Elselien Breman Wageningen University Agricultural Economics and Rural
Bernd Meyer and Gerd Ahlert / GWS 2016
IMPERFECT MARKETS AND THE PROPERTIES OF MACRO-ECONOMIC-ENVIRONMENTAL MODELS AS TOOLS FOR POLICY EVALUATION Bernd Meyer and Gerd Ahlert WWW.GWS-OS.COM / GWS 2016 Münster, Mai 2015 WWW.GWS-OS.COM / GWS 2016
Regional IAM: analysis of riskadjusted costs and benefits of climate policies
Regional IAM: analysis of riskadjusted costs and benefits of climate policies Alexander Golub, The American University (Washington DC) Ramon Arigoni Ortiz, Anil Markandya (BC 3, Spain), Background Near-term
Factor endowments and trade I (Part A)
Factor endowments and trade I (Part A) Robert Stehrer The Vienna Institute for International Economic Studies - wiiw May 7, 2014 Basic assumptions 1 2 factors which are used in both sectors 1 Fully mobile
Exit from the Euro? Provisional firstimpact effects for Italy with INTIMO. Rossella Bardazzi University of Florence
Exit from the Euro? Provisional firstimpact effects for Italy with INTIMO Rossella Bardazzi University of Florence 1 Outline Competitiveness and macroeconomic imbalances in EU countries Some Italian facts
1 Each factor of production earns an income. What correctly identifies the income for labour and capital?
Economics 0455, Solved MCQ Paper Oct / Nov 2016 /12, (Total MCQ: 30; Max Time Mnts (30+5); Total Marks: 30) 1 Each factor of production earns an income. What correctly identifies the income for labour
Competitiveness, Income Distribution and Economic Growth in a Small Economy
Competitiveness, Income Distribution and Economic Growth in a Small Economy Jose Antonio Cordero Department of Economics Universidad de Costa Rica San Jose, COSTA RICA October, 2007 1. Introduction The
FISCAL CONSOLIDATION AND ECONOMIC GROWTH: A CASE STUDY OF PAKISTAN. Ahmed Waqar Qasim Muhammad Ali Kemal Omer Siddique
FISCAL CONSOLIDATION AND ECONOMIC GROWTH: A CASE STUDY OF PAKISTAN Ahmed Waqar Qasim Muhammad Ali Kemal Omer Siddique Introduction Occasional spurts in economic growth but not sustainable. Haphazard growth
Yegor Gaidar. Russia's Experience: A Cricitical View, and What are Some Lessons for Mongolia's Development
Yegor Gaidar Russia's Experience: A Cricitical View, and What are Some Lessons for Mongolia's Development 1 Comparison between USSR in 193 and China in 198, by GDP per capita and by level of urbanization
ARCH Models and Financial Applications
Christian Gourieroux ARCH Models and Financial Applications With 26 Figures Springer Contents 1 Introduction 1 1.1 The Development of ARCH Models 1 1.2 Book Content 4 2 Linear and Nonlinear Processes 5
The Brazilian Defense Industry-Market Opportunities and Entry Strategies Analyses and Forecasts to 2017
The Brazilian Defense Industry-Market Opportunities and Entry Strategies Analyses and Forecasts to 2017 John Carpenter House, 7 Carmelite Street, LondonEC4Y 0BS, United Kingdom, Tel: +44 (0)20 7936 6830
Environmental Policy in the Presence of an. Informal Sector
Environmental Policy in the Presence of an Informal Sector Antonio Bento, Mark Jacobsen, and Antung A. Liu DRAFT November 2011 Abstract This paper demonstrates how the presence of an untaxed informal sector
IB Diploma: Economics. Section 3: International Economics COURSE COMPANION. First Edition (2017)
IB Diploma: Economics Section 3: International Economics COURSE COMPANION First Edition (2017) Table of Contents Free Trade... 3 The Benefits of Trade... 3 Absolute and Comparative Advantage... 6 The World
This article appeared in a journal published by Elsevier. The attached copy is furnished to the author for internal non-commercial research and
This article appeared in a journal published by Elsevier. The attached copy is furnished to the author for internal non-commercial research and education use, including for instruction at the authors institution
Chapter 8. Revenue recycling and environmental policy
Chapter 8. Revenue recycling and environmental policy Recognizing that market-based environmental policies generate substantial revenues for any meaningful emissions reductions, assumptions must be made
PEABODY ENERGY ANNOUNCES RESULTS FOR THE QUARTER ENDED JUNE 30, 2014
News Release CONTACT: Vic Svec (314) 342-7768 FOR IMMEDIATE RELEASE July 22, 2014 PEABODY ENERGY ANNOUNCES RESULTS FOR THE QUARTER ENDED JUNE 30, 2014 Second quarter revenues of $1.76 billion lead to Adjusted
The Theory of Economic Growth
The Theory of The Importance of Growth of real GDP per capita A measure of standards of living Small changes make large differences over long periods of time The causes and consequences of sustained increases