The DOI matches its Crossref record; 7 of the 7 references it cites were found in a registry or an index.
The Environment and Directed Technical Change
Open accessAbstract
This paper introduces endogenous and directed technical change in a growth model with environmental constraints. The final good is produced from “dirty” and “clean” inputs. We show that: (i) when inputs are sufficiently substitutable, sustainable growth can be achieved with temporary taxes/subsidies that redirect innovation toward clean inputs; (ii) optimal policy involves both “carbon taxes” and research subsidies, avoiding excessive use of carbon taxes; (iii) delay in intervention is costly, as it later necessitates a longer transition phase with slow growth; and (iv) use of an exhaustible resource in dirty input production helps the switch to clean innovation under laissez-faire. (JEL O33, O44, Q30, Q54, Q56, Q58)
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Cites
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Cited by
What Do We Learn from the Weather? The New Climate-Economy Literature
Dell, M., Jones, B. F., & Olken, B. A. (2014) · Journal of Economic Literature · doi:10.1257/jel.52.3.740 · Cited by 2,300
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
Self-citationFinancing Innovation: Evidence from R&D Grants
Howell, S. T. (2017) · American Economic Review · doi:10.1257/aer.20150808 · Cited by 1,138
Environmental Policy and Directed Technological Change: Evidence from the European Carbon Market
Calel, R., & Dechezleprêtre, A. (2016) · Review of Economics and Statistics · doi:10.1162/rest_a_00470 · Cited by 1,147
Rodrik, D. (2014) · Oxford Review of Economic Policy · doi:10.1093/oxrep/gru025 · Cited by 784
Metadata
- Authors
- Acemoglu, D., Aghion, P., Bursztyn, L., & Hemous, D.
- Venue
- American Economic Review
- Publisher
- American Economic Association
- Published
- 2012-02-01
- Volume
- 102
- Issue
- 1
- Pages
- 131-166
- ISSN
- 0002-8282
- OpenAlex
- W3125788478
- Cited by
- 3,734
- References
- 7
- FWCI
- 274.97
- Type
- journal article
- Language
- en
- Open access
- green
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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.
