Showing 1 - 10 of 62
This paper discusses the growth model with environmental constraints recently presented in (Acemoglu et al., 2011) which focuses on the redirection of technical change by climate policies with research subsidies and a carbon tax. First, Acemoglu et al.'s model and chosen parameters yield...
Persistent link: https://www.econbiz.de/10014173779
This paper introduces endogenous and directed technical change in a growth model with environmental constraints. A unique final good is produced by combining inputs from two sectors. One of these sectors uses "dirty" machines and thus creates environmental degradation. Research can be directed...
Persistent link: https://www.econbiz.de/10013138721
We construct an overlapping generations model in which agents live through two periods; childhood and adulthood. Each agent makes choices only as an adult, based on her utility that depends on her own consumption and the human capital and environmental quality endowed to her offspring. Entering...
Persistent link: https://www.econbiz.de/10013128449
This paper analyses the impact of unilateral climate policy on firms' international location strategies in emission-intensive sectors, when countries differ in terms of market size. The cases of partial and total relocation via foreign direct investment are separately considered. A simple...
Persistent link: https://www.econbiz.de/10013137454
That climate policies are costly is evident and therefore often creates major fears. But the alternative (no action) also has a cost. Mitigation costs and damages incurred depend on what the climate policies are; moreover, they are substitutes. This brings climate policies naturally in the realm...
Persistent link: https://www.econbiz.de/10013084012
The design of environmental policy typically takes place within a framework in which uncertainty over the future impact of pollution and two different kinds of irreversibilities interact. The first kind of irreversibility concerns the sunk cost of environmental degradation; the second is related...
Persistent link: https://www.econbiz.de/10013160474
In a two-period overlapping generations model, this paper demonstrates that the relationship between environmental taxation and economic activity (output level and output growth) becomes inverted-U shaped when the detrimental impact of pollution on health and the private decision of each...
Persistent link: https://www.econbiz.de/10013151181
develop a forward-looking CGE model that captures empirical links between CO2 emissions associated with energy use, directed … reduce CO2 emissions …
Persistent link: https://www.econbiz.de/10012734148
We propose a novel framework for the economic assessment of climate-change policy. Our main point of departure from existing work is the adoption of a "satisficing", as opposed to optimizing, modeling approach. Along these lines, we place primary emphasis on the extent to which different...
Persistent link: https://www.econbiz.de/10012959549
Myriad policy measures aim to reduce greenhouse gas emissions from the electricity sector, promote generation from … correcting R&D market failures, can be useful complements to emissions pricing, but ambitious renewable targets or subsidies seem … unlikely to enhance welfare when placed alongside sufficient emissions pricing. The desirability of stringent EE policies is …
Persistent link: https://www.econbiz.de/10013050924