Emission Policies And The Nigerian Economy: Simulations From A Dynamic Applied General Equilibrium Model
AbstractRecently, there has been growing concern that human activities may be affecting the global climate through growing atmospheric concentrations of greenhouse gases(GHG). Such warming could have major impacts on economic activity and society. For the Nigerian case, the study uses multisector dynamic applied general equilibrium to quantify the economy- wide, distributional and environmental costs of policies to curb GHG emissions. The simulation results indicates effectiveness of carbon tax, tradeable permit and backstop technology policies in curbing GHG emissions but with distorted economy wide and income distributional effects. However, the model was found to be sensitive to three key exogenous variable and parameters tested: Lower GDP growth rate, changed interfuel substitution elasticity and autonomous energy efficiency improvement factor. Unlike the first test, the last two tests only had improved environmental effect but stable economy wide effect. This then suggests that domestic energy conservation measures could be a second best alternative.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by EconWPA in its series GE, Growth, Math methods with number 0202002.
Length: 70 pages
Date of creation: 21 Feb 2002
Date of revision:
Note: Type of Document - MICROSOFT WORD; prepared on IBM PC ; to print on HP; pages: 70; figures: included. We acknowledge with thanks the generous grant provided by the AERC, OECD and ACW, that was used in carrying out this research.
Contact details of provider:
Web page: http://184.108.40.206
greenhouse gases(ghg); dynamic applied general equilibrium model; carbontax; tradeable permits; backstop technology; carbon dioxide(CO2); sulphur oxides(SOx); Nitrogen Oxides(NOx);
Other versions of this item:
- Nwaobi, Godwin Chukwudum, 2004. "Emission policies and the Nigerian economy: simulations from a dynamic applied general equilibrium model," Energy Economics, Elsevier, vol. 26(5), pages 921-936, September.
- Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
- C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
- C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
- D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
This paper has been announced in the following NEP Reports:
- NEP-AFR-2002-04-25 (Africa)
- NEP-ALL-2002-06-13 (All new papers)
- NEP-CMP-2002-06-13 (Computational Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Maler, Karl-Goran, 1985. "Welfare economics and the environment," Handbook of Natural Resource and Energy Economics, in: A. V. Kneese† & J. L. Sweeney (ed.), Handbook of Natural Resource and Energy Economics, edition 1, volume 1, chapter 1, pages 3-60 Elsevier.
- Shoven,John B. & Whalley,John, 1992.
"Applying General Equilibrium,"
Cambridge University Press, number 9780521319867.
- Baumol,William J. & Oates,Wallace E., 1988. "The Theory of Environmental Policy," Cambridge Books, Cambridge University Press, number 9780521311120.
- Cropper, Maureen L & Oates, Wallace E, 1992. "Environmental Economics: A Survey," Journal of Economic Literature, American Economic Association, vol. 30(2), pages 675-740, June.
- Baumol,William J. & Oates,Wallace E., 1988. "The Theory of Environmental Policy," Cambridge Books, Cambridge University Press, number 9780521322249.
- Jian Zhang, 2005. "Environmental Taxation in Energy Sector - A Theoretical and Applied Analysis," Computing in Economics and Finance 2005 213, Society for Computational Economics.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (EconWPA).
If references are entirely missing, you can add them using this form.