How ongoing structural change creates a double dividend: out-dating of technologies and green growth
| Autor: | Anton Bondarev, Alfred Greiner |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2021 |
| Předmět: |
Economics and Econometrics
Emission tax Doubly-differentiated R& D Climate change Doubly-diferentiated R&D International economics Double dividend destruction Creative destruction Lead (geology) Structural change Creative Green growth Economics Damages Dividend Environmental macroeconomics General Economics Econometrics and Finance Endogenous structural change |
| DOI: | 10.1007/s10258-021-00196-6 |
| Popis: | In this paper we study how the ongoing transition to newer technologies, what we refer to as dynamic structural change, in a doubly-diferentiated R&D-based economy can generate both higher economic growth and a slowdown of climate change, thus, creating a win-win situation known as double dividend. We frst consider the unregulated decentralised economy and show that ongoing structural change can lead to lower environmental damages than the economy with a fxed structure. Next, we consider an emission tax diferentiated across sectors which raises economic growth and reduces emissions in the economy. Our results indicate that promoting transition to newer technologies indeed may serve as a partial substitute to conventional abatement policy options. info:eu-repo/semantics/publishedVersion |
| Databáze: | OpenAIRE |
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