Weltweit wird Wirtschaftswachstum gefördert, trotz ernsthafter Konflikte mit Nachhaltigkeit und trotz der Tendenz zur säkularen Stagnation. Um zu untersuchen, ob dies „nur“ eine Frage politischen oder persönlichen Willens ist oder „unvermeidlich“ zur Bewahrung ökonomischer...

This paper investigates whether an inefficient allocation of abatement, due to constraints on the use of currently available low carbon mitigation options, can promote innovation in new technologies and eventually generate welfare gains. We focus on the case of nuclear power phase out, when...

We study an OLG economy where productivity growth comes from two alternative sources: process innovation and learning-by-doing. There is a trade-off between the two in so far as frequent technological updates reduce the scope for learning on existing technologies. A conflict is shown to arise...