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Growth, Volume 2 - Energy, the Environment, and Economic Growth (Paperback) Loot Price: R1,370
Discovery Miles 13 700
Growth, Volume 2 - Energy, the Environment, and Economic Growth (Paperback): Dale W. Jorgenson

Growth, Volume 2 - Energy, the Environment, and Economic Growth (Paperback)

Dale W. Jorgenson

Series: The MIT Press

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Loot Price R1,370 Discovery Miles 13 700 | Repayment Terms: R128 pm x 12*

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Volume 1: Econometric General Equilibrium Modeling presents an econometric approach to general equilibrium modeling of the impact of economic policies. Earlier approaches were based on the "calibration" of general equilibrium models to a single data point. The obvious disadvantage of calibration is that it requires highly restrictive assumptions about technology and preferences, such as fixed input-output coefficients. These assumptions are contradicted by the massive evidence of energy conservation in response to higher world energy prices, beginning in 1973. The econometric approach to general equilibrium modeling successfully freed economic policy analysis from the straitjacket imposed by calibration.As a consequence of changes in energy prices and new environmental policies, a wealth of historical experience has accumulated over the past two decades. Interpreted within the framework of the neoclassical theory of economic growth, this experience provides essential guidelines for future policy formation. Volume 2: Energy, the Environment, and Economic Growth presents a new econometric general equilibrium model of the United States that captures the dynamic mechanisms underlying growth trends and responses to energy and environmental policies. Jorgenson uses the model to analyze the impacts of environmental regulations on US economic growth and tax policies for controlling US emissions of carbon dioxide.

General

Imprint: MIT Press
Country of origin: United States
Series: The MIT Press
Release date: December 1998
First published: 1998
Authors: Dale W. Jorgenson
Dimensions: 229 x 160 x 36mm (L x W x T)
Format: Paperback - Trade
Pages: 502
ISBN-13: 978-0-262-51923-6
Categories: Books > Business & Economics > Economics > General
LSN: 0-262-51923-2
Barcode: 9780262519236

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