Metadata language
Kyoto Protocol and the growth of a small country open economy: a simple mathematical model approach
Subtitle:Raport Badawczy = Research Report ; RB/31/2005
Creator:Gadomski, Jan (ekonometria) ; Nahorski, Zbigniew (1945– )
Publisher:Instytut Badań Systemowych. Polska Akademia Nauk ; Systems Research Institute. Polish Academy of Sciences
Place of publishing: Date issued/created: Description:12 stron ; 21 cm ; Bibliografia s. 12
Subject and Keywords:Handel emisjami ; Greenhouse gases emission ; Economic growth ; Emisja gazów cieplarnianych ; Wzrost gospodarczy ; Kyoto protocol ; Emission permits trading ; Protokół z kioto
Abstract:This paper analyzes an impact of introducing the Kyoto protocols on the economic growth in a small economy (illustrated on the case of Polish economy). The analysis is performed using a simple one sector macroeconomic model, which includes economic as well as environmental factors. The endogenization of the environmental costs causes extra charges or benefits related to the trade in the emission permits. The model being considered constitutes a part of a finite horizon optimization problem with the zero end-point constraints on the net import and foreign debt, which are related to the assumed finite time horizon of economic adjustment. The optimal solution determines the optimal structure of investments in two competing technologies. Two simulation scenarios were performed, which differed in the level of permit prices, used as the model parameters.
Relation:Raport Badawczy = Research Report
Resource type: Detailed Resource Type: Source: Language: Language of abstract: Rights:Licencja Creative Commons Uznanie autorstwa 4.0
Terms of use:Zasób chroniony prawem autorskim. [CC BY 4.0 Międzynarodowe] Korzystanie dozwolone zgodnie z licencją Creative Commons Uznanie autorstwa 4.0, której pełne postanowienia dostępne są pod adresem: ; -
Digitizing institution:Instytut Badań Systemowych Polskiej Akademii Nauk
Original in:Biblioteka Instytutu Badań Systemowych PAN
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