Economy-Wide Modeling, Environmental Macroeconomics, and Benefit-Cost Analysis
提出一种新方法,用于评估重大环境规则的效益估算,解决了现有做法中忽视概念差异、政策反馈效应及全经济影响的问题,并通过两个近期政策案例展示其应用。
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. <i></i>