The Study of Environmental Macroeconomic Policy under Carbon Emission Constraint---Concurrently Discussing on Stability of IS-LM-EE Model
| Autor: | ZHANG,MING-RU, 張明如 |
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| Rok vydání: | 2017 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 105 The environmental resources are limited on the earth, the governments and economists must consider how to achieve sustainable economic and social development by using the limited natural resources. Global Warming is threatening the survival and development of mankind, thus, it is imperative to combat global warming by abating carbon emission with the concerted efforts of the international community. Heyes had investigated the effect of environmental economic policy on economic growth with the constraints of the natural resource by using IS-LM-EE model after Daly proposed the concept of environmental macroeconomics. This paper studies the substitute or complementary relationship between environmental capital and material capital and analyzes the stability conditions of IS-LM-EE model. The stability conditions of standard IS-LM-EE model is the IS curve being steeper than the EE curve when environmental capital and physical capital are substitute in production, or, EE curve being steeper than the LM curve when environmental capital and physical capital are complements in production. The paper constructs the IS-LM-EE model with automatic adjustment mechanism by introducing the investment action of manufacturer's emission reduction into EE curves with total carbon emission constraint and compares the good and bad of the carbon tax system and the carbon emission cap-and-trade system. This paper also studies the influence of environmental economic policy on GDP in the international connection with carbon trading market. The research finds that the targets of carbon emission reduction will be effectively achieved through carbon emissions trading system, and the carbon emission property rights allocation with an endogenous mixed grandfathering rule and updated rule will achieve performance of cost effectiveness, environmental effectiveness and fairness. |
| Databáze: | Networked Digital Library of Theses & Dissertations |
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