Decomposing the Cost of Kyoto : A Global CGE Analysis of Multilateral Policy Impacts

Böhringer, Christoph ; Rutherford, Thomas F.

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URN: urn:nbn:de:bsz:180-madoc-5717
Document Type: Working paper
Year of publication: 2000
The title of a journal, publication series: None
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Classification: JEL: D58 Q4 F11 C68 C63 ,
Subject headings (SWD): Weltwirtschaft , Kyoto-Protokoll , Emissionsverringerung , Region
Abstract: We decompose the economic implications of the Kyoto Protocol at the cross-country level, splitting the total economic impact for each region into contributions from its own emission abatement policy and those from other regions. Our analysis which is based on a large-scale computable general equilibrium model for the world economy indicates that spillover effects are an important consequence of multilateral carbon abatement policies.. We calculate a crosscountry matrix for monetary transfer payments which would have to be assigned on a bilateral basis in order to provide compensation for the international spillovers associated with the implementation of the Kyoto Protocol.
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