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GTAP Resource #791

"Distortionary Taxation in General Equilibrium Climate Modeling"
by Babiker, Mustafa, Gilbert Metcalf and John Reilly

The meeting of economists and modelers at the Fourth Annual Conference on
Global Economic Analysis indicates the importance of global modeling and,
consequently, global datasets. The GTAP data base has become a leading dataset used
by researchers worldwide for a large number of important issues.
In this paper, we discuss the importance of distortionary taxation in general
equilibrium climate modeling. Towards that end, we'd like to do the following. First, we discuss how distortionary taxation affects our policy choices in the area of environmental policymaking in general and global climate change in particular. Then, we discuss how GTAP could be expanded to incorporate distortionary factor taxes (as well as consumption taxes) so that researchers can carry out applied research in a second best world with distortionary taxation. Finally, we also demonstrate its use with the MIT Joint Program on the Science and Policy of Global Change's CGE model known as EPPA.

Resource Details (Export Citation) GTAP Keywords
Category: 2001 Conference Paper
Status: Published
By/In: Presented at the 4th Annual Conference on Global Economic Analysis, Purdue University, USA
Date: 2001
Created: (7/24/2001)
Updated: Bacou, M. (7/24/2001)
Visits: 2,855
No keywords have been specified.

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