Environmental expenditure spillovers: evidence from an estimated multi-area dsge model
This article constructs and estimates a multi-area dynamic stochastic general equilibrium model with a spatial simultaneous equation. Taking Beijing-Tianjin-Hebei region in China as an example, we explain the dynamic effect of environmental expenditure shock and its spillover effects. Environmental...
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| Main Authors: | , , , , , |
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| Format: | Article |
| Published: |
Elsevier B. V.
2020
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| Subjects: | |
| Online Access: | http://eprints.utm.my/id/eprint/86413/ https://dx.doi.org/10.1016/j.eneco.2019.104645 |
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| Institution: | Universiti Teknologi Malaysia |