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can be achieved with temporary taxation of dirty innovation and production; (ii) optimal policy involves both "carbon … exhaustible resource in dirty input production helps the switch to clean innovation under laissez-faire when the two inputs are …
Persistent link: https://www.econbiz.de/10008614634
dirty innovation and production; (ii) optimal policy involves both “carbon taxes” and research subsidies, so that excessive … the switch to clean innovation under laissez-faire when the two inputs are substitutes. Under reasonable parameter values …
Persistent link: https://www.econbiz.de/10013138721
Schumpeterian growth theory has "operationalized" Schumpeter's notion of creative destruction by developing models based on this concept. These models shed light on several aspects of the growth process that could not be properly addressed by alternative theories. In this survey, we focus on...
Persistent link: https://www.econbiz.de/10013063792
dirty innovation and production; (ii) optimal policy involves both “carbon taxes” and research subsidies, so that excessive … the switch to clean innovation under laissez-faire when the two inputs are substitutes. Under reasonable parameter values … ; Directed Technological Change ; Innovation …
Persistent link: https://www.econbiz.de/10008735766
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/10009419743
innovation and imitation. We develop a theoretical model showing that skilled labor has a higher growth-enhancing effect closer … to the technological frontier under the reasonable assumption that innovation is a relatively more skillintensive …
Persistent link: https://www.econbiz.de/10010292939
Sur la base d’etudes empiriques recentes, en particulier sur l’Inde, cet article met en avant l’idee que la croissance economique est un facteur essentiel de reduction de la pauvrete, malgre le fait qu’une plus grande croissance de la productivite s’accompagne d’une augmentation des...
Persistent link: https://www.econbiz.de/10005062786
innovation and imitation. We develop a theoretical model showing that skilled labour has a higher growth-enhancing effect closer … to the technological frontier under the reasonable assumption that innovation is a relatively more skill intensive …
Persistent link: https://www.econbiz.de/10005792394
This paper investigates the effect of export shocks on innovation. On the one hand a positive shock increases market … size and therefore innovation incentives for all firms. On the other hand it increases competition as more firms enter the … export market. This in turn reduces profits and therefore innovation incentives particularly for firms with low productivity …
Persistent link: https://www.econbiz.de/10012920244
reduces carbon emissions by inducing substitution away from coal. Yet, the natural gas boom discourages innovation directed at …
Persistent link: https://www.econbiz.de/10014372414