文章基本信息

标题：Capital Malleability and the Macroeconomic Costs of Climate Policy
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作者：Elisa Lanzi ; Ian Sue Wing
期刊名称：FEEM Working Papers / Fondazione Eni Enrico Mattei = Nota di Lavoro
出版年度：2010
卷号：2010
出版社：Milano
摘要：This paper argues for introducing the role of capital malleability into the analysis of environmental policies. The issue is explored by means of a theoretical model, a numerical analysis and a computable general equilibrium (CGE) model. Considering the three approaches together is fundamental in obtaining theory-compatible policy-relevant results. The model outcomes reveal differences between results under separate assumptions regarding the malleability of capital. When capital is imperfectly malleable a carbon policy is less effective than under the assumption of perfect malleability of capital. Therefore, it is important that, especially for the analysis of short-term environmental regulations, the issue of capital malleability is taken into consideration.
关键词：General Equilibrium; CGE Models; Climate Change Policy