Environmental pollution is now a serious problem in many developing countries. One approach to combat the problem is to implement various pollution control policies. However, due to a lack of adequate quantitative models, the economic impacts and effectiveness of many pollution control policies are still unknown. This article uses the computable general-equilibrium (CGE) approach to develop an ...

This article uses an e ent study to e aluate the anticipated results of the Uruguay Round on U.S. industry. Economists commonly use computable general equilibrium ( ) CGE models to predict the net economic efficiency effects of trade agreements. The e ent study method represents a complementary approach that relies on stock price mo ements to assess how in estors predict that an e ent, in this ...

This paper deals with the question, whether in a federal state the regions should obtain the right to levy regional income taxes. It is shown that a revenue sharing system in uences the optimal income tax rates and causes distortions. In a federal system with other distorting taxes, several states and a revenue sharing system the welfare e ects of regional income taxes can be positive or negati...

This paper analyzes the influence of the long-run decline in U.S. energy intensity on projections of energy use and carbon emissions to the year 2050. We build on our own recent work which decomposes changes in the aggregate U.S. energy-GDP ratio into shifts in sectoral composition (structural change) and adjustments in the energy demand of individual industries (intensity change), and identifi...

The COVID-19 pandemic has not only affected public health but also significantly impacted the economy. Bandung, a bustling city in Indonesia serving as satellite to capital, been hit hard due its high population density, mobility, and reliance on tourism, trade, transportation sectors. Using Computable General Equilibrium (CGE) model developed at interregional level of Indonesia, this study inv...

The demographic changes of East Asian countries have accelerated in recent years. With consideration the linkage between human behavior and carbon emissions, it is necessary to consider characteristics for CO2 emission projections these countries. This study examines how structure affect three (South Korea, China, Japan) by comparing two different vintages population projections. constructed a ...

While the computable general equilibrium (CGE) model is a well established tool used in economic analyses, it is often viewed as a blackbox because of the complexity of the model structure and the many assumptions made regarding the underlying calibration data and model parameters. To characterize the behavior of the CGE model, we perform a large-scale Monte Carlo experiment to examine its sens...