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

• 발행기관: 한국농업경제학회
• 저자명: Sang-Ho Lee
• 간행물 정보: 『농업경제연구』56권 3호, 219~238쪽, 전체 20쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2015.09.30

영문 초록

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.

목차

I. Introduction

II. The Data and the Model

III. Major Results

IV. Summary and Conclusions

키워드

Intertemporal General Equilibrium Modeling Armington Elasticities Fossil Fuel Supply Elasticities Carbon Leakage Capital Movement