Bretschger, Lucas; Ramer, Roger; Schwark, Florentine - In: Resource and Energy Economics 33 (2011) 4, pp. 963-980
The paper develops a new type of computable general equilibrium (CGE) model in which growth is fully endogenous, based on the increasing specialization of sector-specific capital varieties. The model is used to simulate the effects of carbon policies on consumption, welfare, and sectoral...