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Growth and Welfare Losses from Carbon Emissions Restrictions: A General Equilibrium Analysis for Egypt

Author

Listed:
  • Charles Blitzer
  • Richard Eckaus
  • Supriya Lahiri
  • Alexander Meeraus

Abstract

This paper assesses the economic effects of carbon emission restrictions in Egypt. Like other studies, it is an exemplification of some of the economic possibilities under various conditions. However, it extends the domain of possibilities and suggests some issues that have not been considered in other studies. It is demonstrated clearly that, while annual emissions constraints have only a modest effect on long-run economic growth rates, they have substantial effect on the achieved levels of GDP and welfare. These results do not change much, even with backstop and unconventional technologies or change in discounting. However, postponing the imposition of constraints does have a significant effect, as does changing the form of the constraints to one based on accumulated emissions.

Suggested Citation

  • Charles Blitzer & Richard Eckaus & Supriya Lahiri & Alexander Meeraus, 1993. "Growth and Welfare Losses from Carbon Emissions Restrictions: A General Equilibrium Analysis for Egypt," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1), pages 57-82.
    • Handle: RePEc:aen:journl:1993v14-01-a03
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    Cited by:

    1. Elbasha, Elamin H. & Roe, Terry L., 1995. "Environment in Three Classes of Endogenous Growth Models," Bulletins 7474, University of Minnesota, Economic Development Center.
    2. Song, Malin & Zhu, Shuai & Wang, Jianlin & Zhao, Jiajia, 2020. "Share green growth: Regional evaluation of green output performance in China," International Journal of Production Economics, Elsevier, vol. 219(C), pages 152-163.
    3. John P. Weyant, 1993. "Costs of Reducing Global Carbon Emissions," Journal of Economic Perspectives, American Economic Association, vol. 7(4), pages 27-46, Fall.
    4. Xie, Jian & Saltzman, Sidney, 2000. "Environmental Policy Analysis: An Environmental Computable General-Equilibrium Approach for Developing Countries," Journal of Policy Modeling, Elsevier, vol. 22(4), pages 453-489, July.

    More about this item

    JEL classification:

    • F0 - International Economics - - General

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