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distortions. The scope for innovation is reduced when we consider direct financial investment in the lab, or elastic labor supply …
Persistent link: https://www.econbiz.de/10012964292
Persistent link: https://www.econbiz.de/10012286880
We study the role of the anticipation of climate policies on equity and economic growth in a numerical model of general equilibrium. The presence of the anticipation period allows the agents to adjust their choices before policy implementation. This period might change the equilibrium dynamics....
Persistent link: https://www.econbiz.de/10012544326
We study the role of the anticipation of climate policies on equity and economic growth in a numerical model of general equilibrium. The presence of the anticipation period allows the agents to adjust their choices before policy implementation. This period might change the equilibrium dynamics....
Persistent link: https://www.econbiz.de/10012545982
We study the role of the anticipation of climate policies on equity and economic growth in a numerical model of general equilibrium. The presence of the anticipation period allows the agents to adjust their choices before policy implementation. This period might change the equilibrium dynamics....
Persistent link: https://www.econbiz.de/10013223030
There is widespread concern that climate policy is moving too slowly and that decarbonization of economic development is coming too late for effective climate protection. We analyze three different effects that emerge endogenously during decarbonization and amplify current policies: growing...
Persistent link: https://www.econbiz.de/10014502190
We derive the optimal contributions to global climate policy when countries differ with respect to income level and pollution intensity. Countries' growth rates are determined endogenously, and abatement efficiency is improved by technical progress. We show that country heterogeneity has a...
Persistent link: https://www.econbiz.de/10011920831
This paper presents a two-sector green endogenous growth model to explore a mechanism that explains why carbon-intensive capital is not necessarily shut down during transition to a green economy. Without accumulating clean capital to offset carbon emissions, a tightening of climate regulation...
Persistent link: https://www.econbiz.de/10012383739
investment and innovation-driven, environmentally sustainable development holds important implications for both national and … and innovation-driven, environmentally sustainable growth path. We show that if R&D technological innovation is … environmental quality improves at a rate of 2.5%. In contrast, if R&D technological innovation is not harnessed as a new growth …
Persistent link: https://www.econbiz.de/10011451689
-country differences in the efficiency of foreign technology absorption and indigenous innovation lead to cross-country divergence in the … undertaking indigenous innovation tends to gain a higher level of energy productivity. …
Persistent link: https://www.econbiz.de/10010344238