Kiel Working Papers, Kiel Institute for World Economics
No 976:
Benchmarking the Future: A Dynamic, Multi-Regional, Multi-Sectoral Trade Model for the Analysis of Climate Policies
Gernot Klepper and Katrin Springer
Abstract: For analyzing the impact of climate change and of
international climate policies on the international division of labor and
on regional welfare the use of a disaggregated multisectoral,
multiregional dynamic computable general equilibrium model is
appropriate. This paper discusses the problems of defining an appropriate
benchmark against which policy simulations and climate change impacts can
be assessed. It explicitly considers regionally differentiated growth rates
by basing the development of the parameters which determine human and
physical capital growth, technical progress and technology diffusion as
well as savings decisions on historical developments and estimates in the
literature. A sensitivity analysis of important parameters is performed.
Keywords: Off-Steady-State Growth, Human Capital, Physical Capital, Calibration, Energy Supply, GTAP Data Set; (follow links to similar papers)
JEL-Codes: C68; F43; O1; O3; O41; Q48; (follow links to similar papers)
70 pages, April 2000
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