%0 Journal Article
%T Including Aviation in the European Union Emissions Trading Scheme: Impacts on Industries, Macro-economy and Emissions in China
%A Ling-Yun HE
%A Yi-Xuan GAO
%J International Journal of Economics and Finance
%D 2012
%I 
%R 10.5539/ijef.v4n12p91
%X In October 2008, European Union (EU) announced that it would include the international aviation in the European emission trading system (EU ETS). This paper builds a static computable general equilibrium (CGE) model based on the 2007 input-output table, and estimates the impacts from this policy on China¡¯s macro-economic, residents' welfare, aviation industry, and carbon dioxide (CO2) emissions. Our results indicate that the implication of this policy has negative effects on China¡¯s economy and residents¡¯ welfare; nevertheless, it also reduces the outputs of industries especially that in aviation industry.
%U http://www.ccsenet.org/journal/index.php/ijef/article/view/21725