Impact of Greenhouses Gas Reduction on the Economy and Environment with Different Substitution Elasticities

Title
Impact of Greenhouses Gas Reduction on the Economy and Environment with Different Substitution Elasticities
Author(s)
이상호
Keywords
Intertemporal General Equilibrium Modeling; Armington Elasticities; Fossil Fuel Supply Elasticities; Carbon Leakage; Capital Movement
Issue Date
201509
Publisher
한국농업경제학회
Citation
농업경제연구, v.56, no.4, pp.219 - 238
Abstract
This study addresses the interactions of the economy and environment in a dynamic computable general equilibrium (CGE) with different substitution elasticities. First, GDP ranges from 0.13% to 0.21% in non-abating countries, because non-abating countries are more competitive than abating countries. Higher values of Armington elasticity mean an easier switch to a product from another region. Second, the degree of capital mobility is a key parameter to measure this effect. Our results show that the degree of international capital movements significantly affects GDP. Third, based on these different fossil fuel elasticities values, the leakage rate ranges from 2.65% to 6.95% and therefore - the higher the elasticity, the lower the leakage.
URI
http://hdl.handle.net/YU.REPOSITORY/30859
ISSN
0549-6047
Appears in Collections:
자연자원대학 > 식품자원경제학과 > Articles
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