Policy analysis: toward a green development pathway for the peripheral world

Date
2018
Advisor
Instructor
Source Title
Print ISSN
Electronic ISSN
Publisher
Academic Press
Volume
Issue
Pages
117 - 140
Language
English
Type
Book Chapter
Journal Title
Journal ISSN
Volume Title
Abstract

This chapter uses the analytical model described in Chapter 4 to quantitatively investigate the set of viable macroeconomic policy instruments for combating climate change, and addresses a set of duality characteristics of the Turkish economy. The chapter initially characterizes the business-as-usual pathway over the first half of the 21st century (until 2040), and then studies a strategic policy scenario to attain multiple objectives of reduced informalization, more equitable regional social welfare, and environmental abatement. The results indicate that by pursuing a coherent macroeconomic strategy toward taxing fossil fuel use and earmarking fiscal revenues for expansion of the renewables sector strategically located within a regional development program, Turkey can mitigate gaseous emissions and expand its income and employment within a more equitable and sustained development pathway.

Course
Other identifiers
Book Title
Macroeconomics of climate change in a dualistic economy: a regional general equilibrium analysis
Keywords
Business-as-usual, Green development pathway, Informalization, Environmental abatement, Fossil fuel, Renewables, Carbon taxation, Fossil fuel subsidies
Citation