"DOUBLE DIVIDEND: Confidence Intervals for Policy Evaluation." Keynote Lecture at the Inaugural Conference of the Society for Economic Measurement (SEM), University of Chicago, August 20, 2014.
Samuel W. Morris University Professor
Dale Jorgenson’s research includes information technology and economic growth, energy and the environment, tax policy and investment behavior, and applied econometrics. His most recent book, Double Dividend: Environmental Taxes and Fiscal Reform in the United States, co-authored with Richard Goettle, Mun Ho, and Peter Wilcoxen and published by The MIT Press in 2013, designs environmental taxes to improve economic performance and enhance environmental quality. An earlier book, Technology and the American Growth Resurgence, co-authored with Mun Ho and Kevin Stiroh and published by The MIT Press in 2005, led to establishment of the World KLEMS Initiative at Harvard in 2010 to provide international comparisons of productivity at the industry level. Results for more than forty countries were presented at the Third World KLEMS Conference, held in Tokyo, Japan, in May 2014.
Harvard Magazine, Sept. -Oct. 2014
Time to Tax Carbon
Enhancing environmental quality and economic growth
Next year, representatives from nations around the world will meet in Paris to discuss a global climate-change agreement that would take effect in 2020. Central to those discussions will be setting a price on carbon and its equivalents—a figure that captures the social costs of releasing greenhouse gases into the atmosphere. The impacts of those emissions range from the health effects of burning fossil fuels, to inundation and adaptation of coastal cities threatened by rising seas, to extinction of plant and animal species as a consequence of rapidly changing environmental conditions. These costs amount to nearly $1.6 trillion annually worldwide, based on Yale scholars’ estimates of the damages at $44 per metric ton of CO2 and 2013 emissions of 36 billion metric tons.
As the no doubt fraught scientific and political discussion in the French capital nears, the work of Morris University Professor Dale Jorgenson, an economist known for his ability to marry theory and practice, is especially important. (Read More)