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Tradable Permits in Greenhouse Gas Emissions: A Macroeconomic Analysis in the North-South Context

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Authors
Murshed, S. Mansoob
Issue Date
1995
Publisher
Seoul Journal of Economics
Citation
Seoul Journal of Economics 8 (No. 3 1995): 347-366
Keywords
North-South interaction; global warming affect; controlling pollution
Abstract
The paper presents an analytical macroeconomic model of NorthSouth interaction covering a scheme of tradable permits in greenhouse gas emission encompassing the two regions. The delineation between the fix-price North and the flex-price South is along traditional structuralist lines. A number of parameter changes are analyzed including transfers to and from the South, as well as changes in emission efficiency in the two regions. Transfers from North to South could induce the participation of the South in global schemes for environmental control, as well as be linked to improvements in the South's emission efficiency.
ISSN
1225-0279
Language
English
URI
http://hdl.handle.net/10371/1066
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College of Social Sciences (사회과학대학)Institute of Economics Research (경제연구소)Seoul Journal of EconomicsSeoul Journal of Economics vol.08(3) (Fall 1995)
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