Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/154985
Authors: 
Karp, Larry
Liu, Xuemei
Year of Publication: 
1999
Series/Report no.: 
Nota di Lavoro, Fondazione Eni Enrico Mattei 31.1999
Abstract: 
We estimate a structural model of OECD countries in which GDP and CO2 emissions are endogenous. We use the estimated model to simulate the price of tradable CO2 permits and the efficiency gains from trade. Our estimated prices are high, relative to previous estimates, and the efficiency gains are substantial. We also find, contrary to previous literature, that higher income is associated with reduced emissions.
Subjects: 
Tradable permits
Greenhouse gases
Carbon reductions
Environmental Kuznets curve
JEL: 
F17
Q28
Q43
Document Type: 
Working Paper

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