Edward Balistreri - Academia.edu (original) (raw)
Papers by Edward Balistreri
This paper addresses a question central to the way climate change policy impacts are discussed in... more This paper addresses a question central to the way climate change policy impacts are discussed in the United States: What are the economic costs for individual states of carbon abatement proposals? We present a dynamic computable general equilibrium model of a single U.S. state facing carbon limits. We consistently incorporate the competitive impacts resulting from carbon abatement in other states
This paper addresses a question central to the way climate change policy impacts are discussed in... more This paper addresses a question central to the way climate change policy impacts are discussed in the United States: What are the economic costs for individual states of carbon abatement proposals? We present a dynamic general equilibrium model of a single U.S. state facing carbon limits. We consistently incorporate the competitive impacts resulting from carbon abatement in other states and
In this paper we employ a 50 sector small open economy computable general equilibrium model of th... more In this paper we employ a 50 sector small open economy computable general equilibrium model of the Kenyan economy to assess the impact of the liberalization of regulatory barriers against foreign and domestic business service providers in Kenya. The model incorporates productivity effects in both goods and services markets endogenously, through a Dixit-Stiglitz framework. The ad valorem equivalent of barriers
Results from applied partial and general equilibrium models used to examine trade policy are almo... more Results from applied partial and general equilibrium models used to examine trade policy are almost universally sensitive to trade elasticities. Indeed, the Armington elasticity, the degree of substitution between domestic and imported goods, is a key behavioral parameter that drives the quantitative, and sometimes the qualitative, results that policymakers use. While standard transparent approaches to econometric estimation of these elasticities
A key parameter that determines the distributional impacts of a policy shift in general equilibri... more A key parameter that determines the distributional impacts of a policy shift in general equilibrium models is the elasticity of substitution between capital and labor. Despite the importance of this parameter in applied modeling, its identification continues to pose a challenge. Given the structure of most growth models, we posit that the true relationship between capital and labor is likely
... Ayed Al-Qahtani, Edward Balistreri, Carol Dahl ... The models list included Gately-Kyle-Fisch... more ... Ayed Al-Qahtani, Edward Balistreri, Carol Dahl ... The models list included Gately-Kyle-Fischer (New York University), IEES/OMS (US Department of Energy), IPE (Massachusetts Institute of Technology), Salant-ICF (US Federal Trade Commission/ICF Inc.), ETA-MACRO (Stanford ...
Binding commitments to reductions of greenhouse gas emissions are an increasingly likely prospect... more Binding commitments to reductions of greenhouse gas emissions are an increasingly likely prospect in the next decade. All of the existing economic model estimates of the costs of meeting carbon targets have been developed assuming implementation using comprehensive and flexible emissions trading. However, actual implementation is unlikely to meet this ideal, and may be pushed towards a hybrid mix of
Dawkins et al. (2001) propose that estimation is calibration. We illustrate their point by examin... more Dawkins et al. (2001) propose that estimation is calibration. We illustrate their point by examining a leading econometric application in the study of international and inter-regional trade by Anderson and van Wincoop (2003). We replicate the econo- metric process, and show it to be a calibration of a general equilibrium model. Our approach ofiers unique insights into structural estimation, and
We illuminate the relationship between optimal firm pricing and optimal trade policy by exploring... more We illuminate the relationship between optimal firm pricing and optimal trade policy by exploring a generalized model that accommodates product differentiation at both the national and sub-national (firm) levels. We assume monopolistic competition in the differentiated products at the sub-national level. When the national and sub-national substitution elasticities are similar we find little opportunity for small countries to improve their
SSRN Electronic Journal, 2000
... are with the Research Division, Economics Office, US International Trade Commission, 500 E St... more ... are with the Research Division, Economics Office, US International Trade Commission, 500 E Street, SW ... Gallaway, McDaniel, and Rivera, 2000) unilateral liberalization from the benchmark rate of ... Volume I: Fourth Annual Conference on Global Economic Analysis, June, 2001. ...
SSRN Electronic Journal, 2000
A key parameter that determines the distributional impacts of a policy shift in general equilibri... more A key parameter that determines the distributional impacts of a policy shift in general equilibrium simulations is the elasticity of substitution between capital and labor. Using a rich new data set by the Bureau of Economic Analysis, we estimate substitution elasticities for 28 industries ...
The North American Journal of Economics and Finance, 2003
A key parameter that determines the distributional impacts of a policy shift in general equilibri... more A key parameter that determines the distributional impacts of a policy shift in general equilibrium models is the elasticity of substitution between capital and labor. Despite the importance of this parameter in applied modeling, its identification continues to pose a challenge. Given the ...
Review of International Economics, 2005
Resources Policy, 2009
We analyze the bipartisan call to ban US exports of commodity mercury. An export ban can generate... more We analyze the bipartisan call to ban US exports of commodity mercury. An export ban can generate positive environmental benefits by increasing the scarcity of mercury in developing economies where significant toxic releases occur. We show, however, that a direct mercury purchase and retirement policy can achieve the same foreign environmental goals without adverse impacts on domestic environmental quality. We
Journal of International Economics, 2007
We revisit Anderson and van Wincoop's [Anderson, James and Eric van Wincoop, 2003. Gravit... more We revisit Anderson and van Wincoop's [Anderson, James and Eric van Wincoop, 2003. Gravity with gravitas: A solution to the border puzzle. American Economic Review 93, 170-192] claim that structural estimation solves the U.S.–Canadian border puzzle. We find this claim tenuous, as the proposed solution attributes to structural estimation the effects of added U.S. data and an assumption that U.S.
Journal of International Economics, 2011
... estimated xed trade costs we nd that policy measures a ecting the xed costs are of greater im... more ... estimated xed trade costs we nd that policy measures a ecting the xed costs are of greater importance than tari barriers. ... Email addresses: ebalistr@mines.edu (Edward J. Balistreri), rhhi@unimelb.edu.au (Russell H. Hillberry), trutherford@ethz.ch (Thomas F. Rutherford) Preprint ...
The Energy Journal, 2010
Page 1. Electronic copy available at: http://ssrn.com/abstract=1381923 Oil and Petroleum Product ... more Page 1. Electronic copy available at: http://ssrn.com/abstract=1381923 Oil and Petroleum Product Armington Elasticities: A new-geography-of-trade approach to estimation∗ Edward J. Balistreri Colorado School of Mines Ayed Al-Qahtani Saudi Aramco Carol A. Dahl ...
Energy Economics, 2012
ABSTRACT Issues of emission leakage and competitiveness are at the fore of the climate policy deb... more ABSTRACT Issues of emission leakage and competitiveness are at the fore of the climate policy debate in all the major economies implementing or proposing to implement substantial emission cap-and-trade programs. Unilateral climate policy cannot directly impose emission prices on foreign sources, but it can complement domestic emission pricing with border carbon adjustment to reduce leakage and increase global cost-effectiveness. While border carbon adjustment has a theoretical efficiency rationale, its practical implementation is subject to serious caveats. This article summarizes the results of an Energy Modeling Forum study (EMF 29) on the efficiency and distributional impacts of border carbon adjustment. We find that border carbon adjustment can effectively reduce leakage and ameliorate adverse impacts on energy-intensive and trade-exposed industries of unilaterally abating countries. However, the scope for global cost savings is small. The main effect of border carbon adjustment is to shift the economic burden of emission reduction to non-abating countries through implicit changes in international prices.
This paper addresses a question central to the way climate change policy impacts are discussed in... more This paper addresses a question central to the way climate change policy impacts are discussed in the United States: What are the economic costs for individual states of carbon abatement proposals? We present a dynamic computable general equilibrium model of a single U.S. state facing carbon limits. We consistently incorporate the competitive impacts resulting from carbon abatement in other states
This paper addresses a question central to the way climate change policy impacts are discussed in... more This paper addresses a question central to the way climate change policy impacts are discussed in the United States: What are the economic costs for individual states of carbon abatement proposals? We present a dynamic general equilibrium model of a single U.S. state facing carbon limits. We consistently incorporate the competitive impacts resulting from carbon abatement in other states and
In this paper we employ a 50 sector small open economy computable general equilibrium model of th... more In this paper we employ a 50 sector small open economy computable general equilibrium model of the Kenyan economy to assess the impact of the liberalization of regulatory barriers against foreign and domestic business service providers in Kenya. The model incorporates productivity effects in both goods and services markets endogenously, through a Dixit-Stiglitz framework. The ad valorem equivalent of barriers
Results from applied partial and general equilibrium models used to examine trade policy are almo... more Results from applied partial and general equilibrium models used to examine trade policy are almost universally sensitive to trade elasticities. Indeed, the Armington elasticity, the degree of substitution between domestic and imported goods, is a key behavioral parameter that drives the quantitative, and sometimes the qualitative, results that policymakers use. While standard transparent approaches to econometric estimation of these elasticities
A key parameter that determines the distributional impacts of a policy shift in general equilibri... more A key parameter that determines the distributional impacts of a policy shift in general equilibrium models is the elasticity of substitution between capital and labor. Despite the importance of this parameter in applied modeling, its identification continues to pose a challenge. Given the structure of most growth models, we posit that the true relationship between capital and labor is likely
... Ayed Al-Qahtani, Edward Balistreri, Carol Dahl ... The models list included Gately-Kyle-Fisch... more ... Ayed Al-Qahtani, Edward Balistreri, Carol Dahl ... The models list included Gately-Kyle-Fischer (New York University), IEES/OMS (US Department of Energy), IPE (Massachusetts Institute of Technology), Salant-ICF (US Federal Trade Commission/ICF Inc.), ETA-MACRO (Stanford ...
Binding commitments to reductions of greenhouse gas emissions are an increasingly likely prospect... more Binding commitments to reductions of greenhouse gas emissions are an increasingly likely prospect in the next decade. All of the existing economic model estimates of the costs of meeting carbon targets have been developed assuming implementation using comprehensive and flexible emissions trading. However, actual implementation is unlikely to meet this ideal, and may be pushed towards a hybrid mix of
Dawkins et al. (2001) propose that estimation is calibration. We illustrate their point by examin... more Dawkins et al. (2001) propose that estimation is calibration. We illustrate their point by examining a leading econometric application in the study of international and inter-regional trade by Anderson and van Wincoop (2003). We replicate the econo- metric process, and show it to be a calibration of a general equilibrium model. Our approach ofiers unique insights into structural estimation, and
We illuminate the relationship between optimal firm pricing and optimal trade policy by exploring... more We illuminate the relationship between optimal firm pricing and optimal trade policy by exploring a generalized model that accommodates product differentiation at both the national and sub-national (firm) levels. We assume monopolistic competition in the differentiated products at the sub-national level. When the national and sub-national substitution elasticities are similar we find little opportunity for small countries to improve their
SSRN Electronic Journal, 2000
... are with the Research Division, Economics Office, US International Trade Commission, 500 E St... more ... are with the Research Division, Economics Office, US International Trade Commission, 500 E Street, SW ... Gallaway, McDaniel, and Rivera, 2000) unilateral liberalization from the benchmark rate of ... Volume I: Fourth Annual Conference on Global Economic Analysis, June, 2001. ...
SSRN Electronic Journal, 2000
A key parameter that determines the distributional impacts of a policy shift in general equilibri... more A key parameter that determines the distributional impacts of a policy shift in general equilibrium simulations is the elasticity of substitution between capital and labor. Using a rich new data set by the Bureau of Economic Analysis, we estimate substitution elasticities for 28 industries ...
The North American Journal of Economics and Finance, 2003
A key parameter that determines the distributional impacts of a policy shift in general equilibri... more A key parameter that determines the distributional impacts of a policy shift in general equilibrium models is the elasticity of substitution between capital and labor. Despite the importance of this parameter in applied modeling, its identification continues to pose a challenge. Given the ...
Review of International Economics, 2005
Resources Policy, 2009
We analyze the bipartisan call to ban US exports of commodity mercury. An export ban can generate... more We analyze the bipartisan call to ban US exports of commodity mercury. An export ban can generate positive environmental benefits by increasing the scarcity of mercury in developing economies where significant toxic releases occur. We show, however, that a direct mercury purchase and retirement policy can achieve the same foreign environmental goals without adverse impacts on domestic environmental quality. We
Journal of International Economics, 2007
We revisit Anderson and van Wincoop's [Anderson, James and Eric van Wincoop, 2003. Gravit... more We revisit Anderson and van Wincoop's [Anderson, James and Eric van Wincoop, 2003. Gravity with gravitas: A solution to the border puzzle. American Economic Review 93, 170-192] claim that structural estimation solves the U.S.–Canadian border puzzle. We find this claim tenuous, as the proposed solution attributes to structural estimation the effects of added U.S. data and an assumption that U.S.
Journal of International Economics, 2011
... estimated xed trade costs we nd that policy measures a ecting the xed costs are of greater im... more ... estimated xed trade costs we nd that policy measures a ecting the xed costs are of greater importance than tari barriers. ... Email addresses: ebalistr@mines.edu (Edward J. Balistreri), rhhi@unimelb.edu.au (Russell H. Hillberry), trutherford@ethz.ch (Thomas F. Rutherford) Preprint ...
The Energy Journal, 2010
Page 1. Electronic copy available at: http://ssrn.com/abstract=1381923 Oil and Petroleum Product ... more Page 1. Electronic copy available at: http://ssrn.com/abstract=1381923 Oil and Petroleum Product Armington Elasticities: A new-geography-of-trade approach to estimation∗ Edward J. Balistreri Colorado School of Mines Ayed Al-Qahtani Saudi Aramco Carol A. Dahl ...
Energy Economics, 2012
ABSTRACT Issues of emission leakage and competitiveness are at the fore of the climate policy deb... more ABSTRACT Issues of emission leakage and competitiveness are at the fore of the climate policy debate in all the major economies implementing or proposing to implement substantial emission cap-and-trade programs. Unilateral climate policy cannot directly impose emission prices on foreign sources, but it can complement domestic emission pricing with border carbon adjustment to reduce leakage and increase global cost-effectiveness. While border carbon adjustment has a theoretical efficiency rationale, its practical implementation is subject to serious caveats. This article summarizes the results of an Energy Modeling Forum study (EMF 29) on the efficiency and distributional impacts of border carbon adjustment. We find that border carbon adjustment can effectively reduce leakage and ameliorate adverse impacts on energy-intensive and trade-exposed industries of unilaterally abating countries. However, the scope for global cost savings is small. The main effect of border carbon adjustment is to shift the economic burden of emission reduction to non-abating countries through implicit changes in international prices.