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Estimating carbon leakage and the efficiency of border adjustments in general equilibrium — Does sectoral aggregation matter?

Justin Caron

Energy Economics, 2012, vol. 34, issue S2, S111-S126

Abstract: Estimates of the carbon leakage resulting from sub-global climate policies tend to be lower when using economy-wide general equilibrium models than what technology-specific and bottom-up models suggest. In order to test whether this difference is due to excessive sectoral aggregation, I exploit disaggregated data and estimate unobserved values to create a dataset with rich industrial sector detail. The bias caused by sectoral aggregation is estimated by calibrating a computable general equilibrium model to this dataset and comparing results with those generated from more aggregated data.

Keywords: General equilibrium; CGE; Climate policy; Sectoral aggregation; Disaggregation; Aggregation bias; Carbon leakage; Border carbon adjustments (search for similar items in EconPapers)
JEL-codes: D58 F18 Q41 Q56 (search for similar items in EconPapers)
Date: 2012
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