Abstract
In this paper, we evaluate the impact of the SO2 provisions in the 1990 Clean Air Act. A computable general equilibrium (CGE) model of the United States is used to evaluate the implications of this law for a number of economic sectors. We find that the largest negative impact falls on the coal industry. Output in the refining sector also decreases, but agricultural production increases as consumers shift spending into food and wood based products.
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Boyd, R., Krutilla, K. Controlling acid deposition: A general equilibrium assessment. Environ Resource Econ 2, 307–322 (1992). https://doi.org/10.1007/BF00376202
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DOI: https://doi.org/10.1007/BF00376202