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- W1559192015 abstract "This paper argues for introducing the role of capital malleability into the analysis of environmental policies. The issue is explored by means of a theoretical model, a numerical analysis and a computable general equilibrium (CGE) model. Considering the three approaches together is fundamental in obtaining theory-compatible policy-relevant results. The model outcomes reveal differences between results under separate assumptions regarding the malleability of capital. When capital is imperfectly malleable a carbon policy is less effective than under the assumption of perfect malleability of capital. Therefore, it is important that, especially for the analysis of short-term environmental regulations, the issue of capital malleability is taken into consideration." @default.
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- W1559192015 date "2010-01-01" @default.
- W1559192015 modified "2023-09-26" @default.
- W1559192015 title "Capital Malleability and the Macroeconomic Costs of Climate Policy" @default.
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- W1559192015 doi "https://doi.org/10.2139/ssrn.1568764" @default.
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