In this paper we have a threefold objective. Firstly, to identify the principal macroeconomic determinants of U.K. private sector investment. Secondly, to examine the effects of private investment on aggregate supply. Finally, we attempt to integrate the effects of public sector investment and...

It is often claimed that mitigation of greenhouse gases and adaptation to climate change are complementary strategies. If this means that it will usually be optimal to use both mitigation and adaptation to deal with climate change; and that a perceived increase in the damages caused by climate...

In this paper we use a sophisticated vintage model of the production structure of the U.K manufacturing sector to analyze the pattern of energy conservation over the period 1971-1987 and to test whether there is evidence of significant market imperfections which could act as barriers to energy...

In this paper we compute the rates of taxes that would need to be imposed on carbon-based fuels to achieve the U.K. Government's targets for CO2 emission reductions, based on models of energy demand for the manufacturing, transport and domestic sectors. We explore the sensitivity of these tax...