Arbeitspapier

Energy Biased Technical Change: A CGE Analysis

This paper studies energy bias in technical change. For this purpose, we develop a computable general equilibrium model that builds on endogenous growth models. The model explicitly captures links between energy, the rate and direction of technical change, and the economy. We derive the equilibrium determinants of biased technical change and show the importance of feedback in technical change, substitution possibilities between final goods, and general-equilibrium effects for the equilibrium bias. If the feedback effect is strong, or the substitution elasticity large, or both, our model tends to a corner solution in which only technologies are developed that are appropriate for production of non-energy intensive goods.

Sprache
Englisch

Erschienen in
Series: Nota di Lavoro ; No. 90.2005

Klassifikation
Wirtschaft
Management of Technological Innovation and R&D
Technological Change: Choices and Consequences; Diffusion Processes
Technological Change: Government Policy
Taxation and Subsidies: Externalities; Redistributive Effects; Environmental Taxes and Subsidies
Computable and Other Applied General Equilibrium Models
Thema
Computable general-equilibrium models
Endogenous technical change
Energy
Environment
Emissionsrechte
Umweltpolitik
Energiesubstitution
Technischer Fortschritt
Endogener technischer Fortschritt
Allgemeines Gleichgewicht
Simulation
Theorie

Ereignis
Geistige Schöpfung
(wer)
Otto, Vincent M.
Löschel, Andreas
Dellink, Rob
Ereignis
Veröffentlichung
(wer)
Fondazione Eni Enrico Mattei (FEEM)
(wo)
Milano
(wann)
2005

Handle
Letzte Aktualisierung
10.03.2025, 11:44 MEZ

Datenpartner

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Objekttyp

  • Arbeitspapier

Beteiligte

  • Otto, Vincent M.
  • Löschel, Andreas
  • Dellink, Rob
  • Fondazione Eni Enrico Mattei (FEEM)

Entstanden

  • 2005

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