IDEAS home Printed from
   My bibliography  Save this paper

New Issues, New Results: The OECD's Second Survey of the Macroeconomic Costs of Reducing CO2 Emissions


  • Peter Hoeller


  • Andrew Dean


  • Masahiro Hayafuji



This paper surveys empirical studies of the costs of reducing carbon dioxide emissions. It updates and extends an earlier paper, which focused on baseline emission scenarios and the aggregate cost of emission reductions. It attempts to explain some of the differences in simulation results and highlights some major policy issues ... Ce document passe en revue les études empiriques sur les coûts de réduction des émissions de dioxyde de carbone. Il met à jour et prolonge un document antérieur qui portait essentiellement sur des scénarios de référence concernant les émissions et sur le coût global des réductions des émissions. Il tente d'expliquer quelques unes des différences observées dans les résultats des simulations et met en lumière d'importantes questions de politique économique ...

Suggested Citation

  • Peter Hoeller & Andrew Dean & Masahiro Hayafuji, 1992. "New Issues, New Results: The OECD's Second Survey of the Macroeconomic Costs of Reducing CO2 Emissions," OECD Economics Department Working Papers 123, OECD Publishing.
  • Handle: RePEc:oec:ecoaaa:123-en

    Download full text from publisher

    File URL:
    Download Restriction: no

    References listed on IDEAS

    1. Rodrik, Dani, 1987. "Trade and capital-account liberalization in a keynesian economy," Journal of International Economics, Elsevier, vol. 23(1-2), pages 113-129, August.
    2. Mussa, Michael, 1974. "Tariffs and the Distribution of Income: The Importance of Factor Specificity, Substitutability, and Intensity in the Short and Long Run," Journal of Political Economy, University of Chicago Press, vol. 82(6), pages 1191-1203, Nov.-Dec..
    3. Calvo, Guillermo A, 1978. "On the Time Consistency of Optimal Policy in a Monetary Economy," Econometrica, Econometric Society, vol. 46(6), pages 1411-1428, November.
    4. Brunner, Karl & Meltzer, Allan H., 1982. "Economic policy in a world of change," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 17(1), pages 1-6, January.
    5. Jeffrey Sachs, 1988. "Conditionality, Debt Relief, and the Developing Country Debt Crisis," NBER Working Papers 2644, National Bureau of Economic Research, Inc.
    6. Brecher, Richard A. & Bhagwati, Jagdish N., 1982. "Immiserizing transfers from abroad," Journal of International Economics, Elsevier, vol. 13(3-4), pages 353-364, November.
    7. Kemal Dervis & Jaime de Melo & Sherman Robinson, 2015. "A General Equilibrium Analysis Of Foreign Exchange Shortages In A Developing Economy," World Scientific Book Chapters,in: Modeling Developing Countries' Policies in General Equilibrium, chapter 4, pages 71-86 World Scientific Publishing Co. Pte. Ltd..
    8. Dornbusch, Rudiger, 1974. "Tariffs and nontraded goods," Journal of International Economics, Elsevier, vol. 4(2), pages 177-185, May.
    9. Joshua Aizenman & Jacob Frenkel, 1986. "Wage Indexation, Supply Shocks, and Monetary Policy in a Small, Open Economy," NBER Chapters,in: Economic Adjustment and Exchange Rates in Developing Countries, pages 89-142 National Bureau of Economic Research, Inc.
    10. Stiglitz, Joseph E & Weiss, Andrew, 1981. "Credit Rationing in Markets with Imperfect Information," American Economic Review, American Economic Association, vol. 71(3), pages 393-410, June.
    11. Leamer, Edward E., 1980. "Welfare computations and the optimal staging of tariff reductions in models with adjustment costs," Journal of International Economics, Elsevier, vol. 10(1), pages 21-36, February.
    12. Lars E. O. Svensson, 1984. "Oil Prices, Welfare, and the Trade Balance," The Quarterly Journal of Economics, Oxford University Press, vol. 99(4), pages 649-672.
    13. Sebastian Edwards, 1987. "The Liberalization of the Current Capital Accounts and the Real ExchangeRate," NBER Working Papers 2162, National Bureau of Economic Research, Inc.
    14. Jeffrey D. Sachs, 1987. "Trade and Exchange Rate Policies in Growth-Oriented Adjustment Programs," NBER Working Papers 2226, National Bureau of Economic Research, Inc.
    15. Bhattacharya, A. & Linn, J.F., 1988. "Trade And Industrial Policies In The Developing Countries Of East Asia," World Bank - Discussion Papers 27, World Bank.
    16. Harris, John R & Todaro, Michael P, 1970. "Migration, Unemployment & Development: A Two-Sector Analysis," American Economic Review, American Economic Association, vol. 60(1), pages 126-142, March.
    17. Kydland, Finn E & Prescott, Edward C, 1977. "Rules Rather Than Discretion: The Inconsistency of Optimal Plans," Journal of Political Economy, University of Chicago Press, vol. 85(3), pages 473-491, June.
    18. Neary, J Peter, 1978. "Short-Run Capital Specificity and the Pure Theory of International Trade," Economic Journal, Royal Economic Society, vol. 88(351), pages 488-510, September.
    Full references (including those not matched with items on IDEAS)


    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

    Cited by:

    1. Katheline Schubert & Olivier Beaumais & Paul Zagamé, 1994. "Équilibre général appliqué et environnement : de nouveaux comportements pour le consommateur et le producteur," Revue Économique, Programme National Persée, vol. 45(3), pages 905-916.
    2. Grubb, Michael & Chapuis, Thierry & Duong, Minh Ha, 1995. "The economics of changing course : Implications of adaptability and inertia for optimal climate policy," Energy Policy, Elsevier, vol. 23(4-5), pages 417-431.
    3. Georges A. Tanguay & Paul Lanoie & Jérôme Moreau, 2001. "Environmental Policy, Public Interest and Political Market," Cahiers de recherche 01-01, HEC Montréal, Institut d'économie appliquée.
    4. William D. Nordhaus & David Popp, 1997. "What is the Value of Scientific Knowledge? An Application to Global Warming Using the PRICE Model," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1), pages 1-45.
    5. Paul Lanoie & Jérôme Moreau & Georges A. Tanguay, 2001. "Environmental Policy, Public Interest and Political Market," CIRANO Working Papers 2001s-37, CIRANO.
    6. Fankhauser, Samuel & Kverndokk, Snorre, 1996. "The global warming game -- Simulations of a CO2-reduction agreement," Resource and Energy Economics, Elsevier, vol. 18(1), pages 83-102, March.
    7. De Cara, Stéphane & Jayet, Pierre-Alain, 1999. "Évaluation et régulation de l’effet de serre d’origine agricole," L'Actualité Economique, Société Canadienne de Science Economique, vol. 75(4), pages 597-623, décembre.
    8. Heinz Glueck & Stefan Schleicher, 1995. "Endogenous technical progress induced by CO 2 reduction policies: Simulation results for Austria," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 5(2), pages 151-163, March.
    9. Olivier Beaumais & Thierry Bréchet, 1995. "La stratégie communautaire de régulation de l'effet de serre : quels enjeux pour la France ?," Économie et Prévision, Programme National Persée, pages 155-174.

    More about this item


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oec:ecoaaa:123-en. 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: (). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.