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» » Pollution Control, Economic Adjustment and Long-Run Equilibrium: A Computable Equilibrium Approach to Environmental Economics (Microeconomic Studies)
Pollution Control, Economic Adjustment and Long-Run Equilibrium: A Computable Equilibrium Approach to Environmental Economics (Microeconomic Studies) e-book

Author:

Gunter Stephan

Language:

English

Category:

Business

Subcategory:

Economics

ePub size:

1364 kb

Other formats:

lit mbr txt azw

Rating:

4.6

Publisher:

Springer; 1 edition (May 22, 1989)

Pages:

155

ISBN:

3540509879

Pollution Control, Economic Adjustment and Long-Run Equilibrium: A Computable Equilibrium Approach to Environmental Economics (Microeconomic Studies) e-book

by Gunter Stephan


Start by marking Pollution Control, Economic Adjustment and Long-Run Equilibrium .

Start by marking Pollution Control, Economic Adjustment and Long-Run Equilibrium: A Computable Equilibrium Approach to Environmental Economics as Want to Read: Want to Read savin. ant to Read. How do environmental regulations, pollution abatement and technical change interplay over time? How do economic equilibria, the innovation of techniques and adjustment affect each other in the short-run and over the long-term? Answering those questions is the aim of this study.

Stephan, G. (1989) Pollution Control, Economic Adjustment and Long-Run Equilibrium, Springer-Verlag . Cite this chapter as: Stephan G. (1998) Short-Run and Long-Run Adjustment to Environmental Policy: A Neo-Austrian Approach

Stephan, G. (1989) Pollution Control, Economic Adjustment and Long-Run Equilibrium, Springer-Verlag, Berlin. Stephan, G. (1993) Myopic decision rules and the innovation of techniques, Structural Change and Economics Dynamics 4, 127–143. CrossRefGoogle Scholar. (1998) Short-Run and Long-Run Adjustment to Environmental Policy: A Neo-Austrian Approach. In: Faucheux . O’Connor . van der Straaten J. (eds) Sustainable Development: Concepts, Rationalities and Strategies.

In economics the long run is a theoretical concept in which all markets are in equilibrium, and all prices and quantities have fully adjusted and are in equilibrium. The long run contrasts with the short run, in which there are some constraints and markets are not fully in equilibrium.

This article examines how dynamic general equilibrium models and methods that are commonly used to evaluate macroeconomic policies can also be useful for evaluating the aggregate consequences of environmental regulations

This article examines how dynamic general equilibrium models and methods that are commonly used to evaluate macroeconomic policies can also be useful for evaluating the aggregate consequences of environmental regulations. I describe two macroeconomic models of interest that differ in the extent to which they incorporate heterogeneity and microeconomic detail. I illustrate how standard methods from macroeconomics can be applied in both models by considering calculations for a hypothetical environmental regulation. Do you want to read the rest of this article?

Concern regarding the economic impacts of environmental regulations . In This Article About a decade later, Jorgenson and Wilcoxen (1990) used a computable general equilibrium (CGE) model to examine the impact o. .

Concern regarding the economic impacts of environmental regulations has been part of the public dialogue since the beginning of the . EPA. Even as large improvements in environmental quality occurred, government and academia began to examine the potential consequences of regulation for economic growth and productivity. Early Government Studies on the Economic Impacts of Environmental Regulation. About a decade later, Jorgenson and Wilcoxen (1990) used a computable general equilibrium (CGE) model to examine the impact of environmental regulations on the long-run growth of the .

Computable general equilibrium modelling: an important tool for tourism policy analysis. Computable general equilibrium modelling of economic impacts from volcanic event scenarios at regional and national scale, Mt. Taranaki, New Zealand. Bulletin of Volcanology, Vol. 79, Issue. Tourism and Hospitality Management, Vol. 21, Issue.

Abstract Environmental pollution is now a serious problem in many developing countries. This article uses the computable general-equilibrium (CGE) approach to develop an integrated economic and environmental model for environmental policy analysis for developing countries. One approach to combat the problem is to implement various pollution control policies. The model presented here incorporates various environmental components, including pollution taxes, subsidies, and cleaning activities, into a standard CGE framework.

Economics of Pollution Control: An Overview. Environmental & Natural Resource Economics attempts to bring those who are begin¬ ning the study of environmental and natural resource economics close to the fron¬ tiers of knowledge

Equilibrium 49. Externalities as a Source of Market Failure 5. Economics of Pollution Control: An Overview. Environmental & Natural Resource Economics attempts to bring those who are begin¬ ning the study of environmental and natural resource economics close to the fron¬ tiers of knowledge.

In economics, economic equilibrium is a situation in which economic forces such as supply and demand are balanced and in the absence of external influences the (equilibrium) values of economic variables will not change

In economics, economic equilibrium is a situation in which economic forces such as supply and demand are balanced and in the absence of external influences the (equilibrium) values of economic variables will not change. For example, in the standard text perfect competition, equilibrium occurs at the point at which quantity demanded and quantity supplied are equal

Environmental pollution is now a serious problem in many developing .

Environmental pollution is now a serious problem in many developing countries. One approach to mitigate the problem is to implement various pollution control policies. However, due to a lack of adequate quantitative models, the economic impacts and effectiveness of many pollution control policies are still unknown. Studying the potential economic impact of emission control policies is very important because inappropriate policies that reduce carbon emission may at the same time reduce highly economic growth.

How do environmental regulations, pollution abatement and technical change interplay over time? How do economic equilibria, the innovation of techniques and adjustment affect each other in the short-run and over the long-term? Answering those questions is the aim of this study. In particular, the substitution of techniques and the implementation of new, less polluting production processes is studied in some detail. For this purpose the analysis combines the Austrian view that production and adjustment is a process in time with a conventional equilibrium framework. However, the focus is not only to provide a theoretical discussion of the intertemporal effects of environmental regulations, technological change, short-run adjustment and long-run development. The theoretical approach is formulated in terms of a computable equilibrium model which is numerically applied to analyze the economic impact of waste water regulations in Western Europe. As such, this study contributes to capital theory, environmental economics and computable equilibrium modelling.

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