全球智库信息集成服务系统(G2TT): Transition to Clean Technology

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w20743
来源ID	Working Paper 20743
	Transition to Clean Technology
	Daron Acemoglu; Ufuk Akcigit; Douglas Hanley; William Kerr
发表日期	2014-12-15
出版年	2014
语种	英语
摘要	We develop a microeconomic model of endogenous growth where clean and dirty technologies compete in production and innovation—in the sense that research can be directed to either clean or dirty technologies. If dirty technologies are more advanced to start with, the potential transition to clean technology can be difficult both because clean research must climb several rungs to catch up with dirty technology and because this gap discourages research effort directed towards clean technologies. Carbon taxes and research subsidies may nonetheless encourage production and innovation in clean technologies, though the transition will typically be slow. We characterize certain general properties of the transition path from dirty to clean technology. We then estimate the model using a combination of regression analysis on the relationship between R&D and patents, and simulated method of moments using microdata on employment, production, R&D, firm growth, entry and exit from the US energy sector. The model's quantitative implications match a range of moments not targeted in the estimation quite well. We then characterize the optimal policy path implied by the model and our estimates. Optimal policy makes heavy use of research subsidies as well as carbon taxes. We use the model to evaluate the welfare consequences of a range of alternative policies.
主题	Microeconomics ; Mathematical Tools ; Development and Growth ; Innovation and R& ; D
URL	https://www.nber.org/papers/w20743
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/578418
推荐引用方式 GB/T 7714	Daron Acemoglu,Ufuk Akcigit,Douglas Hanley,et al. Transition to Clean Technology. 2014.