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Macroeconomic Impacts Of Co2 Reduction Policies

In: Link Proceedings 1991, 1992 Selected Papers from Meetings in Moscow, 1991, and Ankara, 1992

Author

Listed:
  • HEINZ GLUECK

    (Austrian National Bank, Department of Economics, P.O. Box 61. A-1011 Vienna, Austria)

  • STEFAN P. SCHLEICHER

    (University of Graz, Department of Economics, Universitaetsstrasse 15/F4, A-8010 Graz, Austria)

Abstract

We present in this paper a synthesis of a bottom-up model of the energy sector with a macroeconomic model in order to simulate various options for CO2 reduction policies, as a shift to high efficiency technologies both in the application and transformation of energy and to renewable energy sources. Special emphasis is given to tax policies for stimulating these technologies and to the evaluation of the macroeconomic impacts of these policy options. The main result of our research indicates that a well designed tax reform package will not only encourage the implementation of the desired technologies but also have a positive impact on conventional economic indicators as GDP and employment.

Suggested Citation

  • Heinz Glueck & Stefan P. Schleicher, 1998. "Macroeconomic Impacts Of Co2 Reduction Policies," World Scientific Book Chapters, in: Bert G Hickman & Lawrence Klein (ed.), Link Proceedings 1991, 1992 Selected Papers from Meetings in Moscow, 1991, and Ankara, 1992, chapter 8, pages 172-182, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789812816870_0008
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