Quotation Naqvi, Syed Ali Asjad. 2014. Growth, Distributions, and the Environment: A Stock-flow Consistent Framework for Policy Analysis. 26th Annual EAEPE Conference, Ayia Napa, Zypern, 6.11-8.11.


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Abstract

The paper presents a benchmark multi-sectoral stock flow consistent (SFC) macro model which addresses issues of production, energy, and emissions in a demand-driven framework. The model introduces three innovations in modeling the production side of the economy. First, the firms and the energy producers are vertically integrated interlinking output and prices across the two sectors. Second, energy supply is generated from two different sources; a non-renewable input dependent high-emissions energy and a renewable zero-emissions energy. Third, the monetary economy is integrated with the environment through two channels; a non-renewable input extracted for energy production and Greenhouse Gasses (GHGs) accumulated through the production process. Five policy experiments are conducted on a calibrated economy; a reduction in consumption, capital damage function, a higher share of renewable energy, carbon taxes, technological shock to capital and energy productivity. Results show that different policy channels can yield the same macro outcomes although through very different adjustment processes especially in unemployment, prices, and income distributions.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Paper presented at an academic conference or symposium
Language English
Title Growth, Distributions, and the Environment: A Stock-flow Consistent Framework for Policy Analysis
Event 26th Annual EAEPE Conference
Year 2014
Date 6.11-8.11
Country Cyprus
Location Ayia Napa
URL http://eaepe.org/?page=events&side=annual_conference

Associations

Projects
Welfare, Wealth and Work for Europe
People
Naqvi, Syed Ali Asjad (Details)
Organization
Institute for Ecological Economics IN (Details)
Research areas (Ă–STAT Classification 'Statistik Austria')
2928 Environmental economics (Details)
5300 Economics (Details)
5323 Econometrics (Details)
5353 Environmental economics (Details)
5924 Environmental economics (Details)
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