G2TT
来源类型FEEM working papers "Note di lavoro" series
规范类型论文
Optimal Timing of Environmental Policy; Interaction Between Environmental Taxes and Innovation Externalities
Reyer Gerlagh; Snorre Kverndokk; Knut Einar Rosendahl
发表日期2007
出处Climate Change and Sustainable Development
出版年2007
语种英语
摘要This paper addresses the impact of endogenous technology through research and development (R&D) and learning by doing (LbD) on the timing of environmental policy. We develop two models, the first with R&D and the second with LbD. We study the interaction between environmental taxes and innovation externalities in a dynamic economy and prove policy equivalence between the second-best R&D and the LbD model. Our analysis shows that the difference found in the literature between optimal environmental policy in R&D and LbD models can partly be traced back to the set of policy instruments available, rather than being directly linked to the source of technological innovation. Arguments for early action in LbD models carry over to a second-best R&D setting. We show that environmental taxes should be high compared to the Pigouvian levels when an abatement industry is developing. We illustrate our analysis through numerical simulations on climate change policy.
特色分类H21,O30,Q42
关键词Environmental Policy,Technological Change,Research and Development,Learning by Doing
URLhttps://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/optimal-timing-of-environmental-policy-interaction-between-environmental-taxes-and-innovation-externalities/
来源智库Fondazione Eni Enrico Mattei (Italy)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/117454
推荐引用方式
GB/T 7714
Reyer Gerlagh,Snorre Kverndokk,Knut Einar Rosendahl. Optimal Timing of Environmental Policy; Interaction Between Environmental Taxes and Innovation Externalities. 2007.
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