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We present a Schumpterian model of endogenous growth with General Purpose Technologies (GPTs) that captures two important historical stylized facts: First, from the beginning of mankind until today GPTs are arriving at an increasing frequency and, second, all GPTs heavily depended on previous...
Persistent link: https://www.econbiz.de/10009236276
innovation and growth. In an overlapping generations framework, we study the occurrence of research bubbles and show that they …
Persistent link: https://www.econbiz.de/10012204265
Carbon Capture Utilization and Storage (CCUS) stands as a pivotal technology crucial for achieving the most ambitious climate objectives. Despite its prominent inclusion in energy mix projections, its current deployment falls short of the requisite level. Additionally, uncertainties surrounding...
Persistent link: https://www.econbiz.de/10014438553
There is widespread concern that climate policy is moving too slowly and that decarbonization of economic development is coming too late for effective climate protection. We analyze three different effects that emerge endogenously during decarbonization and amplify current policies: growing...
Persistent link: https://www.econbiz.de/10014502190
This paper addresses two basic issues related to technological innovation and climate stabilisation objectives: i) Can … innovation policies be effective in stabilising greenhouse gas concentrations? ii) To what extent can innovation policies … technical progress in the energy sector. We evaluate a range of innovation policies, both as a stand-alone instrument and in …
Persistent link: https://www.econbiz.de/10008728830
An established result of the endogenous growth literature is that competitive equilibria in expanding-varieties models are suboptimal due to the rent-effect: monopolistic pricing drives the equilibrium quantity of each intermediate below the efficient level, implying that it is optimal to...
Persistent link: https://www.econbiz.de/10008746238
Persistent link: https://www.econbiz.de/10012604782
This paper argues that the joint relation between long-term orientation, environmental quality and innovation plays a …
Persistent link: https://www.econbiz.de/10012163107
Persistent link: https://www.econbiz.de/10009304505