Title: CGE model of pollution abatement processes for assessing the economic effects of environmental policy
Abstract: We use a computable general equilibrium (CGE) model to investigate the impacts of environmental regulations on the German economy. Our assessment differs from most previous CGE studies of environmental policy in that our model is based on a dataset in which the specific inputs used for pollution abatement processes are in input-output matrix form. This allows us to model pollution abatement processes more accurately. We use the model to compare the impacts of environmental policy to the impacts of tariffs, non-tariff barriers (NTBs) and production subsidies. At a minimum, the impacts of environmental programs on the German economy are comparable to these other distortionary government policies. Depending upon the source of capital stock for complying with environmental regulation, the economic impacts may be substantially larger than those observed for other economic policies.
Publication Year: 1995
Publication Date: 1995-01-01
Language: en
Type: article
Indexed In: ['crossref']
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Cited By Count: 34
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