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Carbon Taxes, Path Dependency and Directed Technical Change: Evidence from the Auto Industry

Aghion, Philippe; Dechezleprêtre, Antoine; Hemous, David; … - Centre for Economic Performance, LSE - 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/10010945141

Survive Another Day: Using Changes in the Composition of Investments to Measure the Cost of Credit Constraints

Garicano, Luis; Steinwender, Claudia - Centre for Economic Performance, LSE - 2013

We introduce a novel empirical strategy to measure credit shocks. Theoretically, we show that credit shocks reduce the value of long term investments relative to short term ones. Under the (conservative) assumption that demand shocks affect short and long run investments similarly, credit shocks...

Persistent link: https://www.econbiz.de/10010711338

Environmental Policy and Directed Technological Change: Evidence from the European Carbon Market

Calel, Raphael; Dechezleprêtre, Antoine - Centre for Economic Performance, LSE - 2012

increased low-carbon innovation among regulated firms by as much as 10%, while not crowding out patenting for other technologies …

Persistent link: https://www.econbiz.de/10010612941

In brief - New technology: who wins, who loses?

Reenen, John Van; Bloom, Nicholas; Garicano, Luis; … - Centre for Economic Performance, LSE - 2014

Technology has transformed the once powerful office of ambassador into a glorified sales position, while nurses, teaching assistants and medical technicians all benefit from the ICT revolution. According to an empirical study by Professor John Van Reenen and colleagues, these contrasting...

Persistent link: https://www.econbiz.de/10010765688

The Distinct Effects of Information Technology and Communication Technology on Firm Organization

Bloom, Nick; Garicano, Luis; Sadun, Raffaella; Reenen, … - Centre for Economic Performance, LSE - 2009

Guided by theories of management by exception, we study the impact of Information and Communication Technology on worker and plant manager autonomy and on span of control. We find, using an original dataset of American and European manufacturing firms, that better information technologies...

Persistent link: https://www.econbiz.de/10005256466