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directed technical change. Energy supply is subject to increasing extraction costs. The model is consistent with aggregate …
Persistent link: https://www.econbiz.de/10012817938
This paper studies the investment based growth rate effects of climate change. The analysis is based on the Integrated Assessment Model DICE by Nordhaus (2008). I depart from the original model, in that endogenous investments into a knowledge stock drive economic growth. Due to a negative...
Persistent link: https://www.econbiz.de/10012865176
A Schumpeterian growth model is developed to investigate how environmental policy affects economic growth when environmental policy also affects the direction of technical change. In contrast to previous models, production and pollution abatement technologies are embodied in separate...
Persistent link: https://www.econbiz.de/10012988968
This paper studies the investment based growth rate effects of climate change. The analysis is based on the Integrated Assessment Model DICE by Nordhaus (2008). I depart from the original model, in that endogenous investments into a knowledge stock drive economic growth. Due to a negative...
Persistent link: https://www.econbiz.de/10012038982
Demographic transition theory is developed highlighting cultural transmission pattern as key driver. Individuals …
Persistent link: https://www.econbiz.de/10013030418
in the extraction technology offsets the deterioration of ore qualities and keeps the production costs of the non …
Persistent link: https://www.econbiz.de/10009535071
advantagenousness of CCS investments rise with the CO2 stock. If the gains of CCS, in terms of lower energy costs, outweigh the gains of … into R&D and/or capital. On the other hand, lower energy costs may increase research and/or capital investments. Positive …
Persistent link: https://www.econbiz.de/10010246772
-intensive) technologies are embodied in long-lived capital. We show how obsolescence costs generated by technological embodiment create …-energy-intensive technologies reduces mitigation costs. Optimal taxes and subsidies are lower and there is less warming. …
Persistent link: https://www.econbiz.de/10010403517
International diffusion of energy-saving technologies has received considerable attention in recent energy and climate economics studies. As a helpful methodological complement to the existing large-scale CGE/IAM-based modelling for energy and climate policy studies, this paper contributes to a...
Persistent link: https://www.econbiz.de/10010496810
, mitigation costs turn out to be insensitive to changes in most of the parameters of endogenous growth. A higher effectivity of … energy-specific relative to labor-specific expenditures on innovation and imitation reduces mitigation costs, though …
Persistent link: https://www.econbiz.de/10013101105