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Joel Wood
Thompson Rivers University
11Publications
2H-index
10Citations
Publications 11
Newest
Abstract An endogenous growth model with a simple climate system is used to examine the potential impacts of climate change on the capital-to-net income ratio and the net of depreciation share of income to capital, a measure of wealth concentration and income distribution between capital and labour respectively, over the next two centuries. If climate change only directly affects production, as usually assumed, the capital-to-net income ratio will increase as compared to what it would be in the ...
#1Ross McKitrick (U of G: University of Guelph)H-Index: 17
#2Joel Wood (TRU: Thompson Rivers University)H-Index: 2
The environmental Kuznets curve hypothesis suggests that at high income levels, economic growth is accompanied by decreasing concentrations of air pollutants. We examine the relationship between four common air pollutants and income across Canadian provinces and metropolitan areas. Our study improves upon past studies of the relationship in Canada in two ways. First, our use of panel methods and pollution concentration data from individual monitoring stations allows for a much larger sample size...
#1Panagiotis Tsigaris (TRU: Thompson Rivers University)H-Index: 5
#2Joel Wood (TRU: Thompson Rivers University)H-Index: 2
In this paper the simplest integrated assessment model is developed in order to illustrate to undergraduate students the economic issues associated with climate change. The growth model developed in this paper is an extension of the basic Solow model and includes a simple climate model. Even though the model is very simple it is very powerful in its predictions. Students use the model to explore various scenarios illustrating how economic activity today will inflict damages from higher temperatu...
This article uses a representative agent model and Canadian data to calculate the optimal gasoline taxes for Ontario and the Greater Toronto-Hamilton Area (GTHA) in a second-best setting with pre-existing distortionary income taxes. The results suggest a second-best optimal gasoline tax of 40.57 cents per litre in 2006 Canadian dollars for the GTHA that is much higher than the current tax rate of 24.7 cents per litre, and also higher than recently proposed increases. The resulting value is insen...
#1Joel Wood (TRU: Thompson Rivers University)H-Index: 2
This paper uses a partial equilibrium trade model to evaluate British Columbia's (BC) log export restrictions. The results of a recently published paper on the topic rely on two key assumptions. They assumed BC has a ban on log exports and that any incremental BC log exports will not affect the world price for logs. This note uses the same data, but a more nuanced model, to show that from BC's perspective unlimited log exports is not necessarily preferred to a policy allowing limited log exports...
#1Joel Wood (TRU: Thompson Rivers University)H-Index: 2
This paper uses a representative agent model and Canadian data to calculate the optimal gasoline taxes for Ontario and the Greater Toronto-Hamilton Area (GTHA) in a second-best setting with pre-existing distortionary income taxes. The results suggest a second-best optimal gasoline tax (40.57 cents per litre in 2006 Canadian dollars) for the GTHA that is much higher than the current tax rate (24.7 cents per litre), and also higher than recently proposed increases. The resulting value is insensiti...
#1Joel Wood (TRU: Thompson Rivers University)H-Index: 2
This study reviews BC's current log export policies, and provides a comparison of three possible options for reform. The results suggest a streamlined export quota system is preferable to unilaterally removing all log export restrictions. However, it is demonstrated that Canada and BC can potentially gain from the removal of log export restrictions if trade concessions of equivalent value are secured in trade negotiations with Japan and China.
#1Ross McKitrick (U of G: University of Guelph)H-Index: 17
#2Joel Wood (U of G: University of Guelph)H-Index: 2
This paper applies principal component analysis to investigate the linkages, or dominant co-fluctuation patterns, of per capita carbon dioxide emissions across countries for the time period 1950–2000. Energy resource world markets are investigated as an offsetting mechanism possibly coordinating emission fluctuations between countries. The results of the analysis provide evidence that world energy resource markets are acting as a coordinating mechanism for emission fluctuations in most cases. Th...
This paper investigates the effects of financial relief programs, commonly referred to as ‘bailouts’, on pollution. A partial equilibrium soft budget constraint model of the firm is developed to identify the effect of bailouts on the emission decisions of firms. The results from the model indicate that the expectation of bailouts increases ex ante emissions. A more stringent emissions tax is required to achieve the same level of emissions if bailouts are available than if bailouts are not availa...
#1Joel Wood (TRU: Thompson Rivers University)H-Index: 2
'Lifting the Moratorium: The Costs and Benefits of Offshore Oil Drilling in British Columbia' considers the potential for offshore oil operations in B.C. This study combines information from academic papers, government commissioned reports, and government databases in order to estimate the expected net benefits to Canadians from removing the federally imposed moratorium on offshore oil operations on Canada’s west coast. The study not only considers the economic benefits and costs, but also calcu...
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