Publication: Opportunity cost of CO2 emission reductions: developing vs. developed economies
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2009-11
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Instituto Complutense de Estudios Internacionales (ICEI)
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Presentamos evidencia empírica sobre convergencia en magnitudes medioambientales para países desarrollados y en vías de desarrollo. Además, partiendo de un modelo standard "putty-clay" de uso de energía, introducimos un stock de contaminación sobre el que se fija un objetivo de reducción de emisiones. El análisis teórico ofrece indicaciones sobre qué variables deberían ser objeto de futuros acuerdos de reducción de emisiones entre países heterogéneos.
We present some empirical evidence on convergence of environmental magnitudes for a pool of developing and developed countries. Additional, we enlarge a standard model of energy use with putty-clay technology in order to allow for a stock of pollution, on which a target on emission reductions is set out in finite horizon. The theoretical analysis offers some insights on what variables should serve as basis of emission reduction target agreements among heterogeneous parties.
We present some empirical evidence on convergence of environmental magnitudes for a pool of developing and developed countries. Additional, we enlarge a standard model of energy use with putty-clay technology in order to allow for a stock of pollution, on which a target on emission reductions is set out in finite horizon. The theoretical analysis offers some insights on what variables should serve as basis of emission reduction target agreements among heterogeneous parties.
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Atkeson, A. and P. J. Kehoe: Models of Energy Use: Putty-Putty versus Putty- Clay. The American Economic Review, Vol. 89, No. 4 (Sep., 1999), pp. 1028-1043.
Grossman G. M. and Alan B. Krueger: Economic Growth and the Environment. The Quarterly Journal of Economics, Vol. 110, No. 2 (May, 1995), pp. 353-377.
Sala-i-Martin, X. X: Regional Cohesion: Evidence and Theories of Regional Growth and Convergence. European Economic Review 40 (1996), pp. 1325-1352.