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Does The Kyoto Protocol Cost Too Much And Create Unbreakable Barriers For Economic Growth?

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  • ALEXANDER GOLUB
  • ANIL MARKANDYA
  • DOMINIC MARCELLINO

Abstract

We look to the literature on short-term cost models, long-term models based on endogenous growth, and long-term models that assume induced technical change, in order to demonstrate the current understanding of costs, which is the focus of the debate on abating climate change. Using these insights as well as other results-like the role of ancillary benefits and the lack of a relationship between decarbonization and economic growth-our contribution to this debate will be to help policy makers understand how economic analyses are conducted and how they should be used in the subsequent political discussions. (JEL "Q52, Q54, Q58") Copyright 2006 Western Economic Association International.

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Bibliographic Info

Article provided by Western Economic Association International in its journal Contemporary Economic Policy.

Volume (Year): 24 (2006)
Issue (Month): 4 (October)
Pages: 520-535

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Handle: RePEc:bla:coecpo:v:24:y:2006:i:4:p:520-535

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Cited by:
  1. Antimiani Alessandro & Valeria Costantini & Anil Markandya & Chiara Martini & Alessandro Palma & Maria Cristina Tommasino, 2014. "A dynamic CGE modelling approach for analyzing trade-offs in climate change policy options: the case of Green Climate Fund," SEEDS Working Papers 1614, SEEDS, Sustainability Environmental Economics and Dynamics Studies, revised Jun 2014.
  2. Huang, Hui-Fen & Lo, Shang-Lien, 2011. "Review and classify the GHGs-related indicators," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(1), pages 594-602, January.
  3. Markandya, Anil, 2011. "Equity and Distributional Implications of Climate Change," World Development, Elsevier, vol. 39(6), pages 1051-1060, June.

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