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Table 1 Parameters

From: Controlling CO2 emissions for each area in a region: the case of Japan

Parameter Value
\(\rho\)The time preference rate per 5 years0.075
\(\alpha\)The elasticity of intertemporal substitution1.45
\(\gamma\)The elasticity of output0.3
\(\theta ^2\)Adjustable parameter2.6
\(\delta\)The capital depreciation rate0.1