New econometric model reveals impact of energy policies on US economy.
The article discusses how energy and environmental policies impact economic growth. By using econometric general equilibrium modeling, researchers analyzed the effects of these policies on capital accumulation and productivity growth in the U.S. economy. They found that different energy producers and consumers play a crucial role in shaping these policies. The study focused on evaluating climate policy legislation proposed by the U.S. Environmental Protection Agency in 2011 using the Intertemporal General Equilibrium Model.