TY - JOUR
T1 - A climate-change policy induced shift from innovations in carbon-energy production to carbon-energy savings
AU - Gerlagh, R.
PY - 2008
Y1 - 2008
N2 - We develop an endogenous growth model with capital, labor and carbon-energy as production factors and three technology variables that measure accumulated innovations for carbon-energy production, carbon-energy savings, and neutral growth. All markets are complete and perfect, except for research, for which we assume that the marginal social benefits exceed the marginal private benefits by factor four. The model constants are calibrated so that the model reproduces the relevant global trends over the 1970-2000 period. The model contains a simple climate module, and is used to assess the impact of Induced Technological Change (ITC) for a policy that aims at a maximum level of atmospheric CO
AB - We develop an endogenous growth model with capital, labor and carbon-energy as production factors and three technology variables that measure accumulated innovations for carbon-energy production, carbon-energy savings, and neutral growth. All markets are complete and perfect, except for research, for which we assume that the marginal social benefits exceed the marginal private benefits by factor four. The model constants are calibrated so that the model reproduces the relevant global trends over the 1970-2000 period. The model contains a simple climate module, and is used to assess the impact of Induced Technological Change (ITC) for a policy that aims at a maximum level of atmospheric CO
U2 - 10.1016/j.eneco.2006.05.024
DO - 10.1016/j.eneco.2006.05.024
M3 - Article
VL - 30
SP - 425
EP - 448
JO - Energy Economics
JF - Energy Economics
SN - 0140-9883
ER -
