In this fine selection of recent papers, Dale Jorgenson, a master in the field of Applied General Equilibrium Analysis, displays his extraordinary talents in a variety of significant applications, including the impact of higher energy prices and carbon taxes on economic growth, the costs of reducing U.S. carbon emissions, and the effects of environmental regulation on international trade.
Herbert E. Scarf, Sterling Professor of Economics, Yale University
Dale Jorgenson and his collaborators make an invaluable contribution to our understanding of the relationship between energy, the environment, and economic growth. Must reading for serious students of this critical public policy issue.
Richard Richels, Director of Global Climate Change Research, Electric Power Research Institute
With the papers collected in this volume, Dale Jorgenson and Peter Wilcoxen revolutionized the measurement of the costs of environmental protection, and ignited controversy, by using their econometrically-estimated general equilibrium model to reveal that pollution taxes can provide a 'double dividend'—helping to protect the environment while providing revenue that can be used to reduce other more distorting taxes.
Don Fullerton, Department of Economics, University of Texas
This convenient and wide-ranging volume brings together eleven studies, dealing with energy, the environment, economic growth, and tax policy. It will be of considerable interest to economic modelers and policy analysts alike.
Charles L. Ballard, Department of Economics, Michigan State University