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dc.titleCGE Modeling: The Relevance of Alternative Structural Specifications for the Evaluation of Carbon Taxes' Impact and for the Integrated Assessment of Climate Change Effects: Simulations for Economies o
dc.contributor.authorChisari, Omar O.
dc.contributor.authorMiller, Sebastián J.
dc.contributor.orgunitDepartment of Research and Chief Economist
dc.coverageJamaica
dc.coverageEl Salvador
dc.coverageChile
dc.coverageArgentina
dc.coverageBrazil
dc.coveragePeru
dc.coverageLatin America
dc.coverageThe Caribbean
dc.date.available2015-02-23T00:00:00
dc.date.issue2015-02-20T00:00:00
dc.description.abstractThis paper constructs a small CGE model to study the impact of carbon taxes on GDP and emissions under alternative closure rules and hypotheses (about mobility of factors, availability of alternative technologies and labor market disequilibrium). The model is simulated for Argentina, Brazil, Chile, El Salvador, Jamaica and Peru. The paper evaluates the costs of lowering emissions under different scenarios and finds that: i) those costs are lower under full employment and when international mobility of capital is limited and are higher when those taxes are not imitated by the rest of the world; ii) the compensation of carbon taxes with other taxes can help to reverse GDP and welfare losses; iii) alternative technology effective application will be reduced when it is intensive in capital from the rest of the world. The second part uses the assessment of costs of abatement of emissions with carbon taxes in an Integrated Assessment Model.
dc.format.extent64
dc.identifier.doihttp://dx.doi.org/10.18235/0009242
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/CGE-Modeling-The-Relevance-of-Alternative-Structural-Specifications-for-the-Evaluation-of-Carbon-Taxes-Impact-and-for-the-Integrated-Assessment-of-Climate-Change-Effects-Simulations-for-Economies-of-Latin-America-and-the-Caribbean.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectLabor
dc.subjectClimate Change
dc.subjectCarbon Finance
dc.subject.jelcodeC68 - Computable General Equilibrium Models
dc.subject.jelcodeD58 - Computable and Other Applied General Equilibrium Models
dc.subject.jelcodeH23 - Externalities • Redistributive Effects • Environmental Taxes and Subsidies
dc.subject.keywordsAlternative technology;Carbon tax;Integrated Assessment Model;CGE model
dc.typeTechnical Notes
idb.identifier.pubnumberTechnical Notes
idb.operationRG-K1219
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