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Global warming, uncertainty and endogenous technical change: Implications for Kyoto

Castelnuovo, Efrem; Moretto, Michele; Vergalli, Sergio - 2001

, consumption, physical and environmental investment, trading of emissions rights (quantity and price). The results show that … negatively affected by its presence as predicted by the theory (e.g. Clarke and Reed 1994; Tsur and Zemel 1996; and Bosello and …

Persistent link: https://www.econbiz.de/10011608823

Carbon taxes, path dependency and directed technical change: Evidence from the auto industry

Aghion, Philippe; Dechezleprêtre, Antoine; Hemous, David; … - 2012

innovation distinguishing between dirty (internal combustion engine) and clean (e.g. electric and hybrid) patents across 80 … tax-inclusive fuel prices. Furthermore, there is path dependence in the type of innovation both from aggregate spillovers … and from the firm's own innovation history. Using our model we simulate the increases in carbon taxes needed to allow …

Persistent link: https://www.econbiz.de/10010294270

The impact of ICT investments on the relative demand for high-medium-, and low-skilled workers : industry versus country analysis

Schneider, Dorothee - 2010

In this paper I analyze the effects of information and communication technology (ICT) on compensation shares of high-, medium-, and low-skilled workers. Com- pared to other studies, I investigate this question using a considerably richer data set with respect to the length of time series, set of...

Persistent link: https://www.econbiz.de/10003953009

Spatial wage inequality and technological change

Senftleben-König, Charlotte; Wielandt, Hanna - 2014

During the last decades, wage inequality in Germany has considerably increased both within and across regions. Building on concepts of the task-based approach, this paper studies whether and to what extent these developments are driven by technological change. We present novel evidence that...

Persistent link: https://www.econbiz.de/10010386349

News-driven business cycles in SVARs

Bunk, Patrick - 2011

dynamics as news identified through a broader stock price index, patent applications, the relative price of investment or …

Persistent link: https://www.econbiz.de/10009229732

Uncertain R&D, Backstop Technology and GHGs Stabilization

Bosetti, Valentina; Tavoni, Massimo - 2007

This paper analyses optimal investments in innovation when dealing with a stringent climate target and with the … uncertain effectiveness of R&D. The innovation needed to achieve the deep cut in emissions is modelled by a backstop carbon … technological advancement yields higher investments in innovation and lower policy costs. We then confirm the results via a …

Persistent link: https://www.econbiz.de/10010312294

Special Interests and Technological Change

Bellettini, Giorgio; Ottaviano, Gianmarco I.P. - 2003

We study an OLG economy where productivity growth comes from two alternative sources: process innovation and learning … technologies. A conflict is shown to arise between the young and the old, because the former favor innovation while the latter …

Persistent link: https://www.econbiz.de/10011325072

The WITCH Model. Structure, Baseline, Solutions

Bosetti, Valentina; Massetti, Emanuele; Tavoni, Massimo - 2007

WITCH - World Induced Technical Change Hybrid - is a regionally disaggregated hard-link hybrid global model with a neoclassical optimal growth structure (top-down) and a detailed energy input component (bottom-up). The model endogenously accounts for technological change, both through learning...

Persistent link: https://www.econbiz.de/10010312319

Production Functions for Climate Policy Modeling: An Empirical Analysis

van der Werf, Edwin - 2007

Quantitative models for climate policy modeling differ in the production structure used and in the sizes of the elasticities of substitution. The empirical foundation for both is generally lacking. This paper estimates the parameters of two-level CES production functions with capital, labour and...

Persistent link: https://www.econbiz.de/10010312411

Optimal Timing of Environmental Policy; Interaction Between Environmental Taxes and Innovation Externalities

Gerlagh, Reyer; Kverndokk, Snorre; Rosendahl, Knut Einar - 2007

the interaction between environmental taxes and innovation externalities in a dynamic economy and prove policy equivalence … directly linked to the source of technological innovation. Arguments for early action in LbD models carry over to a second …

Persistent link: https://www.econbiz.de/10010312455