Showing 151 - 160 of 291
This paper examines the environmental, economic and budgetary impacts of fuel prices using a dynamic general equilibrium model of the Portuguese economy which highlights the mechanisms of endogenous growth and includes a detailed modeling of the public sector. The fuel price scenarios are based...
Persistent link: https://www.econbiz.de/10008804907
The objective of this paper is to study CO2 taxation in its dual role as a climate and fiscal policy instrument. It develops marginal abatement cost curves for CO2 emissions using a dynamic general equilibrium model of the Portuguese economy which highlights the mechanisms of endogenous growth...
Persistent link: https://www.econbiz.de/10008804910
This document presents a description and discussion of the implementation of a soft link between a CGE Model for Portugal and the TIMES_PT energy systems model. It outlines in great detail four alterations to the model structure and GAMS code to accommodate the transfer of information from the...
Persistent link: https://www.econbiz.de/10010663596
This paper explores the capacity for environmental fiscal reform to reduce CO2 emissions, stimulate economic performance, and promote fiscal sustainability. Simulation results suggest that reforms based on CO2 taxation stimulate GDP when tax revenues are used to promote private or public...
Persistent link: https://www.econbiz.de/10009003530
This paper examines the economic and budgetary impacts of fuel prices using a dynamic general equilibrium model of the Portuguese economy which highlights the mechanisms of endogenous growth and includes a detailed modeling of the public sector. The fuel price scenarios are based on forecasts by...
Persistent link: https://www.econbiz.de/10009004373
Public wages are a large share of the public budget in Portugal and, therefore, hiring freezes are a central feature of the efforts to control the public deficit. The system of public career advancement, however, may lead to increases in the wage bill even in the presence of hiring freezes. We...
Persistent link: https://www.econbiz.de/10005168575
Purpose: The purpose of this paper, on Portugal, is to determine the economic effects of public and private capital spending on health. Design/methodology/approach: The authors use a vector autoregressive model to estimate the elasticities and marginal products of health care investments in...
Persistent link: https://www.econbiz.de/10012186624
This article explores the capacity for environmental fiscal reform to reduce carbon dioxide (CO2) emissions, stimulate economic performance, and promote fiscal sustainability. Simulation results suggest that reforms based on CO2 taxation stimulate gross domestic product (GDP) when tax revenues...
Persistent link: https://www.econbiz.de/10011135527
This paper examines the influence of fossil fuel prices on carbon dioxide emissions, economic activity, and the public sector account in Portugal. It uses a dynamic general equilibrium model which highlights the mechanisms of endogenous growth and includes a detailed modeling of the public...
Persistent link: https://www.econbiz.de/10010752928
Purpose – This paper seeks to estimate the long‐term effects on output of different fiscal policies in Portugal. Design/methodology/approach – Results are obtained from accumulated impulse response functions associated with unrestricted VAR models that include several public spending and...
Persistent link: https://www.econbiz.de/10014863273