The DOI matches its Crossref record; 5 of the 5 references it cites were found in a registry or an index.
Transition to Clean Technology
Abstract
We develop an endogenous growth model in which clean and dirty technologies compete in production. Research can be directed to either technology. If dirty technologies are more advanced, the transition to clean technology can be difficult. Carbon taxes and research subsidies may encourage production and innovation in clean technologies, though the transition will typically be slow. We estimate the model using microdata from the US energy sector. We then characterize the optimal policy path that heavily relies on both subsidies and taxes. Finally, we evaluate various alternative policies. Relying only on carbon taxes or delaying intervention has significant welfare costs.
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Cited by
Carbon Taxes, Path Dependency, and Directed Technical Change: Evidence from the Auto Industry
Aghion, P., Dechezleprêtre, A., Hémous, D., Martin, R., & Van Reenen, J. (2016) · Journal of Political Economy · doi:10.1086/684581 · Cited by 1,604
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The Cost of Reducing Greenhouse Gas Emissions
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Metadata
- Authors
- Acemoglu, D., Akcigit, U., Hanley, D., & Kerr, W.
- Venue
- Journal of Political Economy
- Publisher
- University of Chicago Press
- Published
- 2016-02
- Volume
- 124
- Issue
- 1
- Pages
- 52-104
- ISSN
- 0022-3808 (ISSN-L)
- 1537-534X
- OpenAlex
- W3124160225
- Cited by
- 1,033
- References
- 5
- FWCI
- 77.38
- Type
- journal article
- Language
- en
- Open access
- closed
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
