Emissions Trading, Capital Flows and the Kyoto Protocol
Warwick McKibbin (),
Martin T. Ross,
Robert Shackleton and
Additional contact information
Martin T. Ross: U.S. Environmental Protection Agency, Policy Office
Robert Shackleton: U.S. Environmental Protection Agency, Policy Office
Economics and Environment Network Working Papers from Australian National University, Economics and Environment Network
We use an econometrically estimated multi-region, multi-sector general equilibrium model of the world economy to examine the effects of the tradable emissions permit system proposed in the 1997 Kyoto protocol, under various assumptions about that extent of international permit trading. We focus, in particular, on the effects of the system on international trade and capital flows. Our results suggest that consideration of these flows significantly affects estimates of the domestic effects of the emissions mitigation policy, compared with analyses that ignore international capital flows.
Keywords: tradable permits; international capital flows; policy (search for similar items in EconPapers)
JEL-codes: Q58 F30 O20 (search for similar items in EconPapers)
Pages: 59 pages
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (51) Track citations by RSS feed
Downloads: (external link)
Our link check indicates that this URL is bad, the error code is: 404 Not Found
Journal Article: Emissions Trading, Capital Flows and the Kyoto Protocol (1999)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:anu:eenwps:9901
Access Statistics for this paper
More papers in Economics and Environment Network Working Papers from Australian National University, Economics and Environment Network
Bibliographic data for series maintained by Jack Pezzey ( this e-mail address is bad, please contact ).