Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/171572
Authors: 
Bretschger, Lucas
Ramer, Roger
Schwark, Florentine
Year of Publication: 
2010
Series/Report no.: 
Economics Working Paper Series 10/129
Abstract: 
The paper develops a new type of CGE model to predict the effects of carbon policies on consumption, welfare, and sectoral development in the long run. Growth is fully endogenous, based on increasing specialization in capital varieties, and speci c in each sector of the economy. The benchmark scenario is calculated based on the endogenous gains from specialization which carry over to policy simulation. Applying the model to the Swiss economy we nd that a carbon policy following the Copenhagen Accord entails a moderate but not negligible welfare loss compared to development without any negative e ects of climate change. Energy extensive as well as capital and knowledge intensive sectors pro t in the form of increased growth rates.
Subjects: 
Carbon policy
CGE models
energy and endogenous growth
heterogeneous capital
JEL: 
Q54
C63
O41
Q43
Q56
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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