GTAP Resources: Resource Display
| GTAP Resource #7186 |
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"Welfare consequences of government budget closure assumptions under new environmental policies" by Becker, Jonathon, Andrew Schreiber and James McFarland Abstract Computable General Equilibrium (CGE) models are commonly used tools for benefit-cost analysis of energy and environmental policy, and are used for regulatory analysis in federal agencies. Newer subsidy-based policies that generate costs to the government budget have potentially complicated the analysis of estimating the costs and benefits of environmental policies and have resurfaced questions related to the welfare and distributional consequences of closure and financing assumptions in CGE models. In this paper, we ask what are the overall welfare and distributional consequences of different closure assumptions across a range of CGE models with different dynamic behavior (static, recursive, perfect foresight) and policies (taxes, subsidies, standards)? We answer this question using data from the Wisconsin National Data Consortium (WiNDC) in a series of numerical modeling scenarios that aim to disentangle the welfare implications from alternative closure assumptions and policy types. |
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- Climate change policy - Environmental policies - Functional forms and closure rules - Model validation and sensitivity analysis - Partial and general equilibrium models |
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Public Access  Paper (375.0 KB) Replicated: 0 time(s)Restricted Access No documents have been attached. Special Instructions No instructions have been specified. |
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Last Modified: 9/15/2023 2:05:45 PM
