Reducing CO2-Emissions Under Fiscal Retrenchment: A Multi-Cohort CGE-Model for Austria
The stabilization of budget deficit and budget debt ratios by fiscal retrenchment in order to fulfill the Maastricht criteria for the EMU is of central focus in most EU countries. At the same time the national policy dimension of acute environmental problems such as global warming has receded in the public eye. The environmental dimension nonetheless remains urgent, and a re-evaluation of the prospects of CO2-policy is needed against the background of fiscal retrenchment required by supranational obligations. We shall do this for the small, open, Austrian economy by constructing a dynamic multi-cohort CGE model enabling us to assess quantitatively the lifetime welfare impacts on the cohorts affected by three different options for using CO2-permit revenues. The distribution of welfare costs of (Toronto-) CO2-policy across cohorts significantly differs with use. This is explained by income, inheritance and price effects. Copyright Kluwer Academic Publishers 1999
Volume (Year): 13 (1999)
Issue (Month): 3 (April)
|Contact details of provider:|| Web page: http://www.springerlink.com/link.asp?id=100263|
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.:
- Klaus Neusser, 1993.
"Savings, social security, and bequests in an OLG model. A simulation exercise for Austria,"
Journal of Economics,
Springer, vol. 7(1), pages 133-155, December.
- Klaus Neusser, 1993. "Savings, social security, and bequests in an OLG model. A simulation exercise for Austria," Journal of Economics, Springer, vol. 58(1), pages 133-155, December.
- Klaus NEUSSER, 1991. "Savings, Social Security and Bequests in an OLG Model. A Simulation Exercise for Austria," Vienna Economics Papers vie9201, University of Vienna, Department of Economics.
- Summers, Lawrence H, 1981. "Capital Taxation and Accumulation in a Life Cycle Growth Model," American Economic Review, American Economic Association, vol. 71(4), pages 533-44, September.
- Gunter Stephan & Renger Nieuwkoop & Thomas Wiedmer, 1992. "Social incidence and economic costs of carbon limits," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 2(6), pages 569-591, November.
- Laitner, John, 1990. "Tax Changes and Phase Diagrams for an Overlapping Generations Model," Journal of Political Economy, University of Chicago Press, vol. 98(1), pages 193-220, February.
- Fritz Breuss & Jean Tesche, 1994. "A general equilibrium evaluation of trade and industrial policy changes in Austria and Hungary," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 130(3), pages 534-552, September.
- Jean-Marc Burniaux & John P. Martin & Giuseppe Nicoletti & Joaquim Oliveira Martins, 1991. "GREEN - - A Multi-Region Dynamic General Equilibrium Model for Quantifying the Costs of Curbing CO2 Emissions: A Technical Manual," OECD Economics Department Working Papers 104, OECD Publishing.
- Christian Keuschnigg, 1990. "Internationale und intertemporale Effekte der Kapitaleinkommensbesteuerung," Discussion Paper Serie A 300, University of Bonn, Germany.
- Hazilla, Michael & Kopp, Raymond J, 1990. "Social Cost of Environmental Quality Regulations: A General Equilibrium Analysis," Journal of Political Economy, University of Chicago Press, vol. 98(4), pages 853-73, August.
- Glomsrod, Solveig & Vennemo, Haakon & Johnsen, Torgeir, 1992. " Stabilization of Emissions of CO2: A Computable General Equilibrium Assessment," Scandinavian Journal of Economics, Wiley Blackwell, vol. 94(1), pages 53-69.
- Dawkins, Christina & Srinivasan, T.N. & Whalley, John, 2001. "Calibration," Handbook of Econometrics, in: J.J. Heckman & E.E. Leamer (ed.), Handbook of Econometrics, edition 1, volume 5, chapter 58, pages 3653-3703 Elsevier.
- Jorgenson, Dale W. & Wilcoxen, Peter J., 1990. "Intertemporal general equilibrium modeling of U.S. environmental regulation," Journal of Policy Modeling, Elsevier, vol. 12(4), pages 715-744.
- Boyd Roy & Krutilla Kerry & Viscusi W. Kip, 1995. "Energy Taxation as a Policy Instrument to Reduce CO2 Emissions: A Net Benefit Analysis," Journal of Environmental Economics and Management, Elsevier, vol. 29(1), pages 1-24, July.
- Lindbeck, Assar & Weibull, Jorgen W, 1986. " Intergenerational Aspects of Public Transfers, Borrowing and Debt," Scandinavian Journal of Economics, Wiley Blackwell, vol. 88(1), pages 239-67.
- Bergman, Lars, 1988. "Energy Policy Modeling: A survey of general equilibrium approaches," Journal of Policy Modeling, Elsevier, vol. 10(3), pages 377-399.
- Johansson,Per-Olov, 1993. "Cost-Benefit Analysis of Environmental Change," Cambridge Books, Cambridge University Press, number 9780521447928, 1.
- Lars Bergman, 1991. "General equilibrium effects of environmental policy: A CGE-modeling approach," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 1(1), pages 43-61, March.
- Paul A. Samuelson, 1958. "An Exact Consumption-Loan Model of Interest with or without the Social Contrivance of Money," Journal of Political Economy, University of Chicago Press, vol. 66, pages 467.
When requesting a correction, please mention this item's handle: RePEc:kap:enreec:v:13:y:1999:i:3:p:309-340. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla)or (Christopher F. Baum)
If references are entirely missing, you can add them using this form.