Dale Jorgenson

Samuel W. Morris University Professor

GROWTH, Vol. 2, Table of Contents

Contents

List of Tables			ix
Preface			xi
List of Sources			xxvii

1 Energy, the Environment, and Economic Growth			1
	Dale W. Jorgenson and Peter J. Wilcoxen
	1.1 Introduction		1
	1.2 An Overview of the Model		14
	1.3 The Impact of Environmental Regulation		37
	1.4 The Impact of higher Energy Prices		52
	1.5 The Impact of Carbon Taxes		65
	1.6 Conclusion		80

2 Econometric Methods for Applied General Equilibrium Analysis			89
		Dale W. Jorgenson
		2.1 Introduction	89
		2.2 Producer Behavior	95
		2.3 Consumer Behavior	111
		2.4 Empirical Results	135

3 Environmental Regulation and U.S. Economic Growth			157
		Dale W. Jorgenson and Peter J. Wilcoxen
		3.1 Introduction	157
		3.2 An Overview of the Model	159
		3.3 The Impact of Environmental Regulation	172
		3.4 Conclusions	188

4 Reducing U.S. Carbon Dioxide Emissions: The Cost of Different Goals			195
		Dale W. Jorgenson and Peter J. Wilcoxen
		4.1 Introduction	194
		4.2 An Overview of the Model	199
		4.3 The Impact of Different Emissions Targets	208
		4.4 Conclusion	222

5 The Economic Impact of the Clean Air Act Amendments of 1990			229
		Dale W. Jorgenson and Peter J. Wilcoxen
		5.1 Introduction	229
		5.2 An Overview of the Model	231
		5.3 The Impact of Environmental Regulation	239
		5.4 The Impact of the Clean Air Act Amendments of 1990	246

6 Reducing US Carbon Dioxide Emissions: An Econometric General Equilibrium Assessment			253
		Dale W. Jorgenson and Peter J. Wilcoxen
		6.1 Introduction	253
		6.2 An Overview of the Model	254
		6.3 A Summary of Results	262
		6.4 Conclusion	272

7 Reducing U.S. Carbon Dioxide Emissions: An Assessment of Different Instruments			275
		Dale W. Jorgenson and Peter J. Wilcoxen
		7.1 Introduction	275
		7.2 An Overview of the Model	277
		7.3 An Assessment of Different Instruments	287
		7.4 Conclusion	329

8 Trade Policy and U.S. Economic Growth			303
		Mun S. Ho and Dale W. Jorgenson
		8.1 Introduction	303
		8.2 The Structure of the Model	305
		8.3 Effects of Trade Barriers	315
		8.4 Conclusion	329

9 Environmental Regulation and U.S. Trade			331
		Mun S. Ho and Dale W. Jorgenson
		9.1 Introduction	331
		9.2 A Dynamic Model of the U.S. Economy	333
		9.3 The Trade Impact of Environmental Legislations of 1965-1977	344
		9.4 Conclusion	371

10 Stabilization of Carbon Emissions and International Competitiveness of U.S. Industries			373
		Mun S. Ho and Dale W. Jorgenson
		10.1 Introduction	373
		10.2 A Dynamic Model of the U.S. Economy	376
		10.3 Carbon Dioxide Emission regulation and Trade	390
		10.4 Conclusion	408

11 Fundamental Tax Reform and Energy Markets			413
		Dale W. Jorgenson and Peter J. Wilcoxen
		11.1 Introduction	413
		11.2 An Overview of the Model	414
		11.3 Provisions of U.S. Tax Law	423
		11.4 Fundamental Tax Reform	425
		11.5 Conclusion	431
		Appendix	432

References			443
Index			465