Lim, Jong-Soo; Kim, Yong-Gun - In: Energy Economics 34 (2012) S3, pp. 496-496
R&D industry is introduced into a CGE model (KEI-Linkages) as a means to mimic the endogenous technological progress in the Korean economy. We found that providing across-the-board subsidy on R&D expenditure may lead to an increase in the carbon intensity, as well as the real GDP for the Korean...