a r t i c l e i n f o JEL classification: D58 Q48 Q54 Keywords: Emission trading Climate mitigation policy CGE model Technological assumptions This study quantified the effectiveness of emission trading by considering multiple technological constraints, burden sharing schemes, and climate stabilization targets. We used a global computable general equilibrium model, and evaluated the effectivene...

a r t i c l e i n f o JEL classification: D58 H21 H23 Q38 Q58 Keywords: Resource tax reform Energy CGE model SAM price model China's resource tax reform, beginning with Xinjiang as a pilot area in June 2010, marked a new stage in the progression of China's resource tax system. Based on the 2007 social accounting matrix (SAM) for Xinjiang, constructed by ourselves, this paper takes a regional pe...

a r t i c l e i n f o JEL classification: D58 D62 F18 H23 Keywords: Small open economy Externality Efficiency cost Abatement cost Border tax adjustment Free emissions allocations In the existence of trade interaction, a sub-global climate change policy can generate externality, which can cause competitiveness issues for the producers in compliant regimes. However among compliant regions, a smal...

a r t i c l e i n f o JEL Classification: C68 D58 F18 Q56 Q54 Keywords: Funding of adaptation Climate change International trade Dynamic multi-region multi-sector CGE model This paper discusses the interplay between international trade, regional adaptation to climate change and financial transfers for funding adaptation. It combines insights from a theoretical model of North-to-South transfers ...

a r t i c l e i n f o JEL classification: C68 D57 D58 Q41 Q43 Q48 Keywords: Energy efficiency Indirect rebound effects Economy-wide rebound effects Household energy consumption CGE models This paper investigates the economic impact of a 5% improvement in the UK household energy efficiency, focussing specifically on total energy rebound effects. The impact is measured through simulations using m...

a r t i c l e i n f o JEL classification: Q43 Q54 C68 D58 H50 H68 Keywords: Fuel prices Endogenous growth Budgetary consolidation Climate policy Dynamic general equilibrium Portugal This paper examines the influence of fossil fuel prices on carbon dioxide emissions, economic activity, and the public sector account in Portugal. It uses a dynamic general equilibrium model which highlights the mec...

T he welfare cost of inflation in a new Keynesian model has been studied in this article. Nominal prices and wages are subjected to Rotenberg's adjustments in the benchmark model. In addition, this study uses the CIA model to compare the welfare cost of seigniorage tax and consumption tax. The model is calibrated for the Iranian economy and the results of the calibration are as follow...

T he world economy has experienced a bulk of positive and negative shocks in crude oil prices and exchange rates over the years, and that global inflation has undergone some changes. Such shocks have affected the macroeconomic variables in the countries of the world and have challenged the economies of these countries, and have led them to take different measures to protect themselves agai...

The Kyoto Protocol marks a break-through in global warming mitigation policies as it sets legally binding emissions targets for major emitting regions. However, realisation of the Protocol depends on the clarification of several issues one of which is the permissible scope of international emissions trading between signatory countries. Unrestricted trade produces hot air when signatory countrie...