GTAP Resources: Resource Display
| GTAP Resource #7367 |
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"Evaluation of the carbon tax effects on the structure of Finnish industries: A computable general equilibrium analysis" by Khastar, Mojtaba, Alireza Aslani, Mehdi Nejati, Kaveh Bekhrad and Marja Naaranoja Abstract Limitations and environmental effects of fossil fuels have encouraged decision-makers to create and implement different energy policies, in which carbon tax is one of the most important financial policies. Governments are considering the implementation of the carbon tax to achieve lower greenhouse gas emission, higher national incomes and tax systems, deployments of renewable energy sources, and increasing the efficiency of the energy systems. Therefore, understanding the effects and consequences of the carbon tax policy on different economic, social welfare, and industries is imperative due to its impact on the costs of productions, inflation, and competitiveness of the industries. This research is to evaluate the impact of the carbon tax on the structure of the Finland industry as one of the high energy-intensive consumption countries. We use a computable general equilibrium model to create a connection between the effects of the carbon tax and economic indicators, production, and consumption sector. In this research, the effect of the carbon tax on the macro-economic and industry sector is studied. The results of this research indicate that the application of carbon tax policies leads to adverse effects on gross domestic production (GDP). By studying the fluctuations of the trade balance, export and import level, production price, and energy consumption level in the industry sector, considerable results have been achieved. For instance, considering the specific coverage of industries in Finland, they have higher competitiveness in general. |
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- Climate impacts - GTAP Data Base and extensions - Economic growth - Bridging CGE and new quantitative trade (NQT) literature - Advances in quantitative methods - Europe (Northern) |
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Public Access No documents have been attached. 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
