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The Green Paradox and Learning-by-Doing in the Renewable Energy Sector
Nachtigall, Daniel; Rübbelke, Dirk - CESifo - 2014
The green paradox conveys the idea that climate policies may have unintended side effects when taking into account the reaction of fossil fuel suppliers. In particular, carbon taxes that will be implemented in the future induce resource owners to extract more rapidly which increases present...
Persistent link: https://www.econbiz.de/10010795343
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The Environmental and Macroeconomic Effects of Socially Responsible Investment
Dam, Lammertjan; Heijdra, Ben J. - CESifo - 2008
We analyze the effects of socially responsible investment and public abatement on environmental quality and the economy in a continuous-time dynamic growth model featuring optimizing households and firms. Environmental quality is modelled as a renewable resource. Consumers can invest in...
Persistent link: https://www.econbiz.de/10005196236
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Credit Constraints and FDI Spillovers in China
Agarwal, Natasha; Milner, Chris; Riaño, Alejandro - CESifo - 2013
This paper examines whether credit constraints affect Chinese firms’ absorption of productivity spillovers from foreign firms. Using firm-level data for 2001-2005, we find evidence of positive spillovers originating from FDI from countries other than Hong Kong, Macau and Taiwan for non-state...
Persistent link: https://www.econbiz.de/10010674453
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The Sustainability of Chinese Growth and the Aggregate Factor Substitution Elasticity
Whalley, John; Xing, Chunbing - CESifo - 2012
We discuss the sustainability of Chinese high growth relative to growth experience elsewhere, and specifically Soviet … than below one. We use time series data on labor’s share in GDP to estimate a substitution elasticity for China, finding … role of factor substitution in future Chinese growth. We argue that high growth in China can be supported in such a …
Persistent link: https://www.econbiz.de/10009645643
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The Business Environment in the Transition
Carlin, Wendy; Schaffer, Mark - CESifo - 2012
Following the collapse of planning, new small and medium-sized firms rapidly emerged in all transition economies. Using firm level data, we investigate the interaction between the widespread opportunities for new business activities such firms faced and their business environment. The business...
Persistent link: https://www.econbiz.de/10010877887
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CCS - Failing to Pass Decision Gates
Emhjellen, Magne; Osmundsen, Petter - CESifo - 2013
Socio-economic criteria for climate projects have been used in analysing the value of the climate benefit of a reduction in CO2. These reports are optimistic, yet CCS demonstration plants are not implemented as expected. Little attention has been devoted to profitability assessments based on...
Persistent link: https://www.econbiz.de/10010877765
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Simultaneous Supplies of Dirty and Green Fuels with Capacity Constraint: Is there a Green Paradox?
Gronwald, Marc; Long, Ngo Van; Röpke, Luise - CESifo - 2013
This paper contributes to the green paradox literature by using a resource extraction framework with heterogeneous energy sources. A key feature of the model is a capacity constrained green backstop resource, which implies the simultaneous use of the expensive backstop resource and the cheaper...
Persistent link: https://www.econbiz.de/10010948844
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Optimum Commodity Taxation with a Non-Renewable Resource
Daubanes, Julien; Lasserre, Pierre - CESifo - 2015
Under standard assumptions, optimum commodity taxation (OCT) should target non-renewable resources (NRRs) in priority. NRRs should be taxed at a higher rate than otherwise-identical conventional commodities. NRR substitutes and complements should receive a particular tax treatment. When reserves...
Persistent link: https://www.econbiz.de/10011210402
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International Capital Markets, Oil Producers and the Green Paradox
Meijden, Gerard C. van der; Ploeg, Frederick Van der; … - CESifo - 2014
A rapidly rising carbon tax leads to faster extraction of fossil fuels and accelerates global warming. We analyze how general equilibrium effects operating through the international capital market affect this Green Paradox. In a two-region, two-period world with identical homothetic preferences...
Persistent link: https://www.econbiz.de/10011264741
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Breakthrough Renewables and the Green Paradox
Ploeg, Frederick Van der - CESifo - 2012
We show how a monopolistic owner of oil reserves responds to a carbon-free substitute becoming available at some uncertain point in the future if demand is isoelastic and variable extraction costs are zero but upfront exploration investment costs have to be made. Not the arrival of this...
Persistent link: https://www.econbiz.de/10011265630