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on Resource Economics |
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Issue of 2019‒03‒25
four papers chosen by |
| By: | J. Scott Holladay (Department of Economics, University of Tennessee); Mohammed Mohsin (Department of Economics, University of Tennessee); Shreekar Pradhan (King Abdullah Petroleum Studies And Research Center) |
| Abstract: | We develop a dynamic stochastic general equilibrium model to understand how environmental policy instrument choice affects trade. We extend the existing literature by employing an open economy model to evaluate three environmental policy instruments: cap-and-trade, pollution taxes, and an emissions intensity standard in the face of two types of exogenous shocks. We calibrate the model to Canadian data and simulate productivity and import price shocks. We evaluate the evolution of key macroeconomic variables, including the trade balance in response to the shocks under each policy instrument. Our findings for the evolution of output and emissions under a productivity shock are consistent with previous closed economy models. Our open economy framework allows us to find that a cap-and-trade policy dampens the international trade effects of the business cycle relative to an emissions tax or intensity standard. Under an import shock, pollution taxes and intensity targets are as effective as cap-and-trade policies in reducing variance in consumption and employment. The cap-and-trade policy limits the intensity of the import competition shock suggesting that particular policy instrument might serve as a barrier to trade. |
| Keywords: | Environmental policy, Import competition, Business cycles, Macroeconomic dynamics, Open economy |
| JEL: | Q54 E32 |
| Date: | 2019–03 |
| URL: | http://d.repec.org/n?u=RePEc:ten:wpaper:2019-01&r=all |
| By: | Felix Grey (Faculty of Economics, University of Cambridge) |
| Keywords: | lobbying, environmental policy, political economics |
| JEL: | D72 H23 Q58 |
| Date: | 2017–08 |
| URL: | http://d.repec.org/n?u=RePEc:enp:wpaper:eprg1714&r=all |
| By: | Antonio Russo (ETH Zurich); Jos van Ommeren (VU University Amsterdam); Alexandros Dimitropoulos (OECD) |
| Abstract: | Parking policies have significant environmental and economic implications, which have often been left unconsidered. This paper reviews the relevant literature to provide a deeper understanding of the main environmental and economic consequences of common parking policies, and suggest policy options to protect the environment and increase social welfare. |
| Keywords: | employer-provided parking, environmental impact, Parking pricing, parking requirement, welfare effect |
| JEL: | Q58 R48 R52 |
| Date: | 2019–03–07 |
| URL: | http://d.repec.org/n?u=RePEc:oec:envaaa:145-en&r=all |
| By: | Ivana Capozza (OECD); Rachel Samson (Carist Consulting) |
| Abstract: | This paper provides a cross-country review of progress towards green growth in selected emerging market economies that are members or partners of the OECD. It draws on the country studies conducted within the OECD Environmental Performance Review Programme for Brazil, Chile, Colombia, Indonesia, Mexico, Peru, South Africa and Turkey between 2013 and 2019. It presents the main achievements in the countries reviewed, along with common trends and policy challenges. It provides insights into the effectiveness and efficiency of green growth policy frameworks and measures, which may provide useful lessons for other OECD and partner countries. |
| Keywords: | clean technology, environment and development, environmental policy, environmental taxes and subsidies, green growth, infrastructure, natural resources |
| JEL: | O13 O44 Q55 Q56 Q58 |
| Date: | 2019–03–15 |
| URL: | http://d.repec.org/n?u=RePEc:oec:envddd:2019/1-en&r=all |