Growth, Volume 2: Energy, the Environment, and Economic Growth
AbstractVolume 1: Econometric General Equilibrium Modeling presents an econometric approach to general equilibrium modeling of the impact of economic policies. Earlier approaches were based on the "calibration" of general equilibrium models to a single data point. The obvious disadvantage of calibration is that it requires highly restrictive assumptions about technology and preferences, such as fixed input-output coefficients. These assumptions are contradicted by the massive evidence of energy conservation in response to higher world energy prices, beginning in 1973. The econometric approach to general equilibrium modeling successfully freed economic policy analysis from the straitjacket imposed by calibration. As a consequence of changes in energy prices and new environmental policies, a wealth of historical experience has accumulated over the past two decades. Interpreted within the framework of the neoclassical theory of economic growth, this experience provides essential guidelines for future policy formation. Volume 2: Energy, the Environment, and Economic Growth presents a new econometric general equilibrium model of the United States that captures the dynamic mechanisms underlying growth trends and responses to energy and environmental policies. Jorgenson uses the model to analyze the impacts of environmental regulations on US economic growth and tax policies for controlling US emissions of carbon dioxide.
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Bibliographic InfoThis book is provided by The MIT Press in its series MIT Press Books with number 0262100746 and published in 1998.
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growth; energy; environment; economic growth;
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- Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
- Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
- O4 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
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- Dale W. Jorgenson & Richard J. Goettle & Mun S. Ho & Daniel T. Slesnick & Peter J. Wilcoxen, 2007.
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- Jorgenson, Dale W. & Goettle, Richard J. & Ho, Mun S. & Slesnick, Daniel T. & Wilcoxen, Peter J., 2008. "U.S. Labor supply and demand in the long run," Journal of Policy Modeling, Elsevier, vol. 30(4), pages 603-618.
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- Jorgenson, Dale W. & Jin, Hui & Slesnick, Daniel T. & Wilcoxen, Peter J., 2013. "An Econometric Approach to General Equilibrium Modeling," Handbook of Computable General Equilibrium Modeling, Elsevier.
- Jin, Hui & Jorgenson, Dale W., 2010. "Econometric modeling of technical change," Journal of Econometrics, Elsevier, vol. 157(2), pages 205-219, August.
- Conrad, Klaus, 2001. "Computable General equilibrium Models in Environmental and Resource Economics," Discussion Papers 601, Institut fuer Volkswirtschaftslehre und Statistik, Abteilung fuer Volkswirtschaftslehre.
- Peter Cramton & Steven Stoft, 2009. "Global Carbon Pricing: A Better Climate Commitment," Papers of Peter Cramton 09gcp, University of Maryland, Department of Economics - Peter Cramton, revised 2009.
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"Fossil Fuel Prices and the Economic and Budgetary Challenges of a Small Energy-Importing Economy: The Case of Portugal,"
115, Department of Economics, College of William and Mary.
- Alfredo Pereira & Rui Pereira, 2013. "Fossil fuel prices and the economic and budgetary challenges of a small energy-importing economy: the case of Portugal," Portuguese Economic Journal, Springer, vol. 12(3), pages 181-214, December.
- Kurt Kratena & Michael Wüger, 2010. "An Intertemporal Optimisation Model of Households in an E3-Model (Economy/Energy/Environment) Framework," WIFO Working Papers 382, WIFO.
- Jorgenson, Dale W. & Slesnick, Daniel T., 2008. "Consumption and labor supply," Journal of Econometrics, Elsevier, vol. 147(2), pages 326-335, December.
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