Sulfur dioxide allowances: Trading and technological progress

被引:31
作者
Kumar, Surender [1 ]
Managi, Shunsuke [1 ]
机构
[1] TERI Univ, Dept Policy Studies, New Delhi 110070, India
关键词
Sulfur dioxide allowances trading; Technological progress; Environmental policy; Distance function; ENVIRONMENTAL-POLICY INSTRUMENTS; PRODUCTIVITY GROWTH; INDUSTRY; IMPACT; GAINS; INDEX;
D O I
10.1016/j.ecolecon.2009.09.013
中图分类号
Q14 [生态学(生物生态学)];
学科分类号
071012 ; 0713 ;
摘要
The US Clean Air Act Amendments introduce an emissions trading system to regulate SO2 emissions. This study finds that changes in SO2 emissions prices are related to innovations induced by these amendments. We find that electricity-generating plants are able to increase electricity output and reduce emissions of SO2 and NOx from 1995 to 2007 due to the introduction of the allowance trading system. However, compared to the approximate 8% per year of exogenous technological progress, the induced effect is relatively small, and the contribution of the induced effect to overall technological progress is about 1-2%. (C) 2009 Elsevier B.V. All rights reserved.
引用
收藏
页码:623 / 631
页数:9
相关论文
共 37 条
[1]   Feasibility and optimality of sustainable growth under materials balance [J].
Akao, Ken-Ichi ;
Managi, Shunsuke .
JOURNAL OF ECONOMIC DYNAMICS & CONTROL, 2007, 31 (12) :3778-3790
[2]  
[Anonymous], MARKETS CLEAN AIR US
[3]  
[Anonymous], 2000, 0038 RES FUT
[5]   Empirical evidence of advances in scrubber technology [J].
Bellas, AS .
RESOURCE AND ENERGY ECONOMICS, 1998, 20 (04) :327-343
[6]  
Binswanger H. P., 1978, Induced innovation. Technology, institutions, and development, P215
[7]  
BINSWANGER HP, 1974, AM ECON REV, V64, P964
[8]   Economics of pollution trading for SO2 and NOx [J].
Burtraw, D ;
Evans, DA ;
Krupnick, A ;
Palmer, K ;
Toth, R .
ANNUAL REVIEW OF ENVIRONMENT AND RESOURCES, 2005, 30 :253-289
[9]   Sulfur dioxide control by electric utilities: What are the gains from trade? [J].
Carlson, C ;
Burtraw, D ;
Cropper, M ;
Palmer, KL .
JOURNAL OF POLITICAL ECONOMY, 2000, 108 (06) :1292-1326
[10]   Measuring the impact of price-induced innovation on technological progress: Application to the US food processing and distribution sector [J].
Celikkol, P ;
Stefanou, SE .
JOURNAL OF PRODUCTIVITY ANALYSIS, 1999, 12 (02) :135-151