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Does electricity drive structural transformation? : evidence from the United States
Gaggl, Paul; Gray, Rowena; Marinescu, Ioana; Morin, Miguel - 2019
Electricity is a general purpose technology and the catalyst for the second industrial revolution. Developing countries are currently making huge investments in electrification, with a view to achieving structural change. What does history say about its impact on the structure of employment? We...
Persistent link: https://www.econbiz.de/10012120246
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The optimal climate policy portfolio when knowledge spills across sectors
Massetti, Emanuele; Nicita, Lea - 2010
This paper studies the implications for climate policy of the interactions between environmental and knowledge externalities. Using a numerical analysis performed with the hybrid integrated assessment model WITCH, extended to include mutual spillovers between the energy and the non-energy...
Persistent link: https://www.econbiz.de/10003945815
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The cost of environmental policy under induced technical change
Smulders, Sjak; Di Maria, Corrado - 2012
Conventional wisdom argues that environmental policy is less costly if environmental policy induces the development of cleaner technologies. In contrast to this argument, we show that the cost of environmental policy (a reduction in emissions) may be larger with induced technical change than...
Persistent link: https://www.econbiz.de/10009571022
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Population, pensions, and endogenous economic growth
Heer, Burkhard (contributor); Irmen, Andreas (contributor) - 2008
We study the effect of a declining labor force on the incentives to engage in labor-saving technical change and ask how this effect is influenced by institutional characteristics of the pension scheme. When labor is scarcer it becomes more expensive and innovation investments that increase labor...
Persistent link: https://www.econbiz.de/10003791799
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Top incomes, rising inequality, and welfare
Lansing, Kevin J.; Markiewicz, Agnieszka - 2012
This paper develops a general-equilibrium model of skill-biased technological change that approximates the observed shifts in the shares of wage and non-wage income going to the top decile of U.S. households since 1980. Under realistic assumptions, we find that all agents can benefit from the...
Persistent link: https://www.econbiz.de/10009665381
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Balanced growth despite Uzawa
Grossman, Gene M.; Helpman, Elhanan; Oberfield, Ezra; … - 2016
Evidence for the United States suggests balanced growth despite falling investment-good prices and less than unitary elasticity of substitution between capital and labor. This is inconsistent with the Uzawa Growth Theorem. We extend Uzawa.s theorem to show that introducing human capital...
Persistent link: https://www.econbiz.de/10011434429
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A life-cycle theory analysis of french household electricity demand
Belaïd, Fateh; Rault, Christophe; Massié, Camille - 2021
This paper develops a pseudo-panel approach to examine household electricity demand behaviour through the household … evidence that the income elasticity of French residential electricity demand is 0.22, averaged over our four cohorts of …
Persistent link: https://www.econbiz.de/10012415417
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Capacity investment under demand uncertainty : an empirical study of the US cement industry, 1994-2006
Ponssard, Jean-Pierre; Thomas, Catherine - 2010
Uncertainty about the level of demand is thought to influence irreversible capacity decisions. This paper examines some … implications of the theory literature on this topic in an empirical study of the US cement industry between 1994 and 2006. Firms in … capacity sufficient to supply positive local demand shocks. In the presence of uncertain demand, firms may choose to serve …
Persistent link: https://www.econbiz.de/10008696743
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Push or pull? : an empirical analysis of the demand for individual project grants from the Swiss National Science Foundation
Wolter, Stefan C. (contributor); Hübschi, Rémy (contributor) - 2007
Persistent link: https://www.econbiz.de/10003496744
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The role of electoral incentives for policy innovation : evidence from the U.S. welfare reform
Bernecker, Andreas; Boyer, Pierre C.; Gathmann, Christina - 2018 - This version: March 19, 2018
We investigate whether the decision to experiment with novel policies is influenced by electoral incentives. Our empirical setting is the U.S. welfare reform in 1996, which marked the most dramatic shift in social policy since the New Deal. We find that electoral incentives matter: governors...
Persistent link: https://www.econbiz.de/10011814867