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Distributional effects of Finland's climate policy package - Calculations with the new income distribution module of the VATTAGE model
VATT Working Papers : 11 (Valtion taloudellinen tutkimuskeskus VATT, 13.11.2009)In this report we present a new version of the VATTAGE AGE (Applied General Equilibrium) model, which enables distributional analysis of policy changes. We also report estimation results of LES consumption function for ... -
Evaluating greening farm policies: A structural model for assessing agri-environmental subsidies
VATT Working Papers : 40 (Valtion taloudellinen tutkimuskeskus VATT, 04.11.2012)One quarter of the agricultural area in the European Union is registered in agrienvironmental programs. Despite the prevalence of such programs and increasing demands for environmental quality in the European Union, ex-post ... -
Global trade and climate policy scenarios – Impact on Finland
VATT Working Papers : 37 (Valtion taloudellinen tutkimuskeskus VATT, 03.09.2012)In this study we use the dynamic version of the GTAP model to analyse the effects of global trade policy changes and their interaction with different global climate policy regimes from Finland's point of view, and in ... -
Informational Efficiency of the EU ETS market – a study of price predictability and profitable trading
VATT Working Papers : 28 (Valtion taloudellinen tutkimuskeskus VATT, 22.03.2012)We study the informational efficiency of the European Emissions Trading Scheme, EU ETS market by simulating the trading in this emerging market. If the market is efficient, profitable trading should only exist locally in ... -
What are the benefits of the Water Framework Directive? Lessons learned for policy design from preference revelation
VATT Working Papers : 66 (Valtion taloudellinen tutkimuskeskus VATT, 21.10.2015)The Water Framework Directive (WFD) seeks to achieve good ecological status of surface waters across the European Union by 2027. The WFD guidelines explicitly recognize the economics of water management by providing ...