Template-Type: ReDIF-Article 1.0
Author-Name:  Warwick J. McKibbin
Author-Name:  Martin T. Ross
Author-Name:  Robert Shackleton 
Author-Name:  Peter J. Wilcoxen
Title:  Emissions Trading, Capital Flows and the Kyoto Protocol
Classification-JEL: F0
Pages:  287-333
Volume:  Volume 20
Issue:  Special Issue
Year:  1999
Abstract:  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 the 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.
Handle: RePEc:aen:journl:1999si-a12
File-URL: http://www.iaee.org/en/publications/ejarticle.aspx?id=1051
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