Arkolakis, Costas; Walsh, Conor - National Bureau of Economic Research - 2023
We provide a spatial theory of clean growth to assess the global impact of the rise of renewable energy. We model the … of energy in space. The local rate of clean energy adoption depends on learning-by-doing, the global electricity and … a range of scenarios, with substantial welfare gains, even in the absence of policy. Incorporating policy, we find that …