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Reducing emissions of the greenhouse gases that cause climate change will require dramatic changes in the way that energy is produced and consumed. The cost of technological changes such as alternative energy sources and improved energy efficiency will play a large role in determining the...
Persistent link: https://www.econbiz.de/10013116453
U.S. agriculture was transformed during the 20th century by waves of innovation with mechanical, biological, chemical …, and information technologies. Compared with a few decades ago, today’s agriculture is much less labor intensive and farms … innovation will be required to preserve past productivity gains in the face of climate change, coevolving pests and diseases, and …
Persistent link: https://www.econbiz.de/10013322662
Despite growing empirical evidence of the link between environmental policy and innovation, most economic models of environmental policy treat technology as exogenous. For long-term problems such as climate change, this omission can be significant. In this paper, I modify the DICE model of...
Persistent link: https://www.econbiz.de/10013243611
Aggregate productivity growth in the U.S. has slowed down since the 2000s. We quantify the importance of differential … productivity growth across occupations and across industries, and the rise of computers since the 1980s, for the productivity … productivity growth, reducing their contributions toward aggregate productivity growth, resulting in its slowdown. We find that …
Persistent link: https://www.econbiz.de/10012926403
heat reduces non-agricultural productivity, but less so than in agriculture, implying that hot countries could adapt to … perversely pulls labor into agriculture where its productivity suffers most and reallocation exacerbates the global decline in … of climate change on sectoral reallocation and aggregate productivity. First, I use firm-level data from a wide range of …
Persistent link: https://www.econbiz.de/10013307376
Personal automobile emissions are a major source of urban air pollution. Many U.S. states control emissions through mandated vehicle inspections and repairs. But there is little empirical evidence directly linking mandated inspections, maintenance, and local air pollution levels. To test for a...
Persistent link: https://www.econbiz.de/10012944643
U.S. carbon dioxide emissions are highly procyclical—they increase during expansions and fall during recessions. Given this empirical fact, we estimate the response of emissions to four prominent technology shocks from the business-cycle literature using structural vector autoregressive...
Persistent link: https://www.econbiz.de/10012990770
While many studies have looked at innovation and adoption of technologies separately, the two processes are linked. Advances (and expected advances) in a single technology should affect both its adoption rate and the adoption of alternative technologies. Moreover, advances made abroad may affect...
Persistent link: https://www.econbiz.de/10013247437
This paper explores the significance of policy-induced technological change for the design of carbon-abatement policies. We derive analytical expressions characterizing optimal CO2 abatement and carbon tax profiles under different specifications for the channels through which technological...
Persistent link: https://www.econbiz.de/10013210590
Given that technologies to significantly reduce fossil fuel emissions are currently unavailable or only available at high cost, technological change will be a key component of any long-term strategy to reduce greenhouse gas emissions. In light of this, the amount of research on the pace,...
Persistent link: https://www.econbiz.de/10012755385