Economy-Wide Modeling, Environmental Macroeconomics, and Benefit-Cost Analysis
Economy-Wide Modeling, Environmental Macroeconomics, and Benefit-Cost Analysis
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经济范围建模、环境宏观经济学和效益成本分析
DOI：
10.3368/le.96.3.305
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发表时间：
2020-08
期刊：
影响因子：
1.4
通讯作者：
Min Qiang Zhao
中科院分区：
文献类型：
--
作者：
V. Kerry Smith;Min Qiang Zhao
本文开发了一种新的方法来评估为主要环境规则准备的效益估计，并解决了对现有做法的三个批评：(1)使用文献中的效益估计，而没有调整其含义下的概念差异；(2)忽略政策的反馈效应；(3)没有认识到大政策对整个经济的潜在影响。我们的方法采用了宏观经济模型的一般均衡框架，并着重于将非市场环境服务引入总偏好函数或“替代”偏好函数的影响。最近的两项政策说明了它如何被用来评估整个经济的影响。(JEL D61、H41)
This paper develops a new method for evaluating benefit estimates prepared for major environmental rules and addresses three criticisms of existing practices: (1) using benefit estimates from the literature without adjusting for the conceptual differences underlying their meaning, (2) ignoring feedback effects of policy, and (3) failing to recognize the potential for economy-wide effects of large policies. Our approach adapts a general equilibrium framework characteristic of macroeconomic models and focuses on the effects of introducing nonmarket environmental services into the aggregate or “stand-in” preference function. Two recent policies illustrate how it can be used to assess economy-wide effects. (JEL D61, H41)