Arbeitspapier
The Unilateral Implementation of a Sustainable Growth Path with Directed Technical Change
We determine the core characteristics of a climate coalition's optimal policies in a dynamic two country directed technical change framework. Unilateral policies alter the structure of production and thereby innovation incentives across countries. Whenever feasible, optimal policies implement sustainable growth by directing global innovation to the nonpolluting sector. If nonparticipants drive global innovation, this requires policies relocating clean production to nonparticipants. A calibration exercise suggests that the US or EU alone are too small to implement sustainable growth. A coalition of Annex I countries that signed the Kyoto protocol can implement sustainable growth, yet required tax rates are very high.
- Language
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Englisch
- Bibliographic citation
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Series: Nota di Lavoro ; No. 11.2015
- Classification
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Wirtschaft
Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
- Subject
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Sustainable Growth
Technical Change
Innovation
- Event
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Geistige Schöpfung
- (who)
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van den Bijgaart, Inge
- Event
-
Veröffentlichung
- (who)
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Fondazione Eni Enrico Mattei (FEEM)
- (where)
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Milano
- (when)
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2015
- Handle
- Last update
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10.03.2025, 11:44 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- van den Bijgaart, Inge
- Fondazione Eni Enrico Mattei (FEEM)
Time of origin
- 2015
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