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against public investment. This budget scoring process systematically underestimates the benefits of public investment and … fund public investment is amplified by a think tank, the Penn Wharton Budget Model (PWBM). The PWBM assumes that taxes and … debt have devastating effects on economic growth and assumes away much of the benefit of public investment. These strong …
Persistent link: https://www.econbiz.de/10013249451
Recent growth in carbon dioxide emissions from China's energy sector has exceeded expectations. In a major US government study of future emissions released in 2007 (1), participating models appear to have substantially underestimated the near-term rate of increase in China's emissions. We...
Persistent link: https://www.econbiz.de/10008780585
Recent growth in carbon dioxide emissions from China's energy sector has exceeded expectations. In a major US government study of future emissions released in 2007 (1), participating models appear to have substantially underestimated the near-term rate of increase in China's emissions. We...
Persistent link: https://www.econbiz.de/10014215037
The growing attention to global warming due to greenhouse gas (GHG) emissions in the process of fossil fuel-based energy production is expressed in the Kyoto Protocol, which prescribes, on average, a 7 percent reduction in GHG emissions for developed countries. Although Israel was not included...
Persistent link: https://www.econbiz.de/10014220811
I build a quantitative model of economic growth that can be used to evaluate the impact of environmental policy interventions on final-use energy consumption, an important driver of carbon emissions. In the model, energy demand is driven by directed technical change. Energy supply is subject to...
Persistent link: https://www.econbiz.de/10012817938
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The carbon tax is a major instrument for curbing greenhouse gas emissions that cause global warming. Yet its adoption has been limited because of concerns over its effects on economic growth, income distribution, and international competitiveness. The paper shows that policymakers can minimize...
Persistent link: https://www.econbiz.de/10012754403
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