Environmental expenditure spillovers: evidence from an estimated multi-area dsge model

• Main Authors: Pan, X., Xu, H., Li, M., Zong, T., Lee, C. T., Lu, Y.
• Format: Article
• Published: Elsevier B. V. 2020
• Subjects: TP Chemical technology
• Online Access: http://eprints.utm.my/id/eprint/86413/; https://dx.doi.org/10.1016/j.eneco.2019.104645

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...