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Stabilization of Emissions of CO2: A Computable General Equilibrium Assessment

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Author Info
Glomsrod, Solveig
Vennemo, Haakon
Johnsen, Torgeir
Abstract

A multisector computable general equilibrium model is used to study economic development perspectives in Norway if carbon dioxide emissions were stabilized. The effects discussed include impacts on main macroeconomic indicators and economic growth, sectoral allocation of production, and effects on the market for energy. The impact of pollutants other than carbon dioxide on emissions is assessed along with the related impact on noneconomic welfare. The results indicate that carbon dioxide emissions might be stabilized in Norway without dramatically reducing economic growth. Sectoral allocation effects are much larger. A substantial reduction in emissions to air other than carbon dioxide is found, yielding considerable gains in noneconomic welfare. Copyright 1992 by The editors of the Scandinavian Journal of Economics.

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Publisher Info
Article provided by Blackwell Publishing in its journal Scandinavian Journal of Economics.

Volume (Year): 94 (1992)
Issue (Month): 1 ()
Pages: 53-69
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Handle: RePEc:bla:scandj:v:94:y:1992:i:1:p:53-69

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  1. Bodil Larsen & Runa Nesbakken, 1997. "Norwegian emissions of CO2 1987–1994," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 9(3), pages 275-290, April. [Downloadable!] (restricted)
  2. Bodil Larsen, 1997. "Economic impacts of reducing NOx emissions in Norway," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 9(1), pages 125-132, January. [Downloadable!] (restricted)
  3. K. Farmer & K.W. Steininger, 1999. "Reducing CO2-Emissions Under Fiscal Retrenchment: A Multi-Cohort CGE-Model for Austria," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 13(3), pages 309-340, April. [Downloadable!] (restricted)
  4. Antonio Manresa & Ferran Sancho, 2002. "Implementing a Double Dividend: Recycling Ecotaxes Towards Lower Labour Taxes," UFAE and IAE Working Papers 536.02, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC). [Downloadable!]
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