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It is expected that binding biophysical constraints have the potential to slow growth and impede the improvement of other key macroeconomic variables. Using a DYNK (Dynamic New Keynesian) model of the EU27, we study two different environmental policy options and evaluate their impact on...
Persistent link: https://www.econbiz.de/10011404720
Most economic models struggle to incorporate biophysical relationships between materials, energy and emissions, in order to appropriately deal with biophysical constraints of supply (and possibly also demand). After the incorporation of biophysical constraints, some functions produced surprising...
Persistent link: https://www.econbiz.de/10011337041
to integrate endogenous technological progress. Nevertheless, several complexities of innovation are still neglected even … modelling literature through a special lens. We discuss how existing models deal with different types of innovation (i ….e. product and process innovation) and how differences in innovation activities influence modelling results. We also emphasise …
Persistent link: https://www.econbiz.de/10010426510
The European Union has implemented demand push and technology pull policies to foster innovation on the energy and … rarely treats product and process innovation separately and product quality is, in the best case, exogenous. We develop a … dynamic multi-sector CGE model that distinguishes between R&D-based process innovation for all firms, endogenous product …
Persistent link: https://www.econbiz.de/10011337045
The central question in this paper is whether a market economy can theoretically and empirically deal with sustainability. A system analysis of the current neoclassical theory shows that the system components (goal function, interaction mechanisms, actors and outcomes) are predominantly defined...
Persistent link: https://www.econbiz.de/10014237051
failures like lock-in, unpredictability and surprise in innovation systems, and network interaction between agents have … social interactions, and on behavioral foundations of learning and innovation. …
Persistent link: https://www.econbiz.de/10010430808
' capabilities regarding innovation, education, the social system, institutions and environmental ambition. We conclude with outcome …
Persistent link: https://www.econbiz.de/10010431697
countries' capabilities regarding innovation, education, the social system, institutions and environmental ambition. We conclude …
Persistent link: https://www.econbiz.de/10011411383
The UN System of National Accounts (SNA) calculates standard national income (NI) under the condition that owned capital is maintained. Roefie Hueting defined in 1969 environmental functions (state, stock) as the possible uses by humans of the environment. Their actual use (flow) nowadays are...
Persistent link: https://www.econbiz.de/10012866756
Climate change is a global-scale structural change, affecting economies across the world, alongside global fragmentation, digitalisation and demographics. This paper analyses the diffusion of climate policies and technologies and the role of institutions and governance in that process. It...
Persistent link: https://www.econbiz.de/10015338890