Technological change in economic models of environmental policy: A survey

Arbeitspapier

This paper provides an overview of the treatment of technological change in economic models of environmental policy. Numerous economic modeling studies have confirmed the sensitivity of mid- and long-run climate change mitigation cost and benefit pro-jections to assumptions about technology costs. In general, technical progress is considered to be a non-economic, exogenous variable in global climate change modeling. However, there is overwhelming evidence that technological change is not an exogenous variable but to an important degree endogenous, induced by needs and pressures. Hence, some environment-economy models treat technological change as endogenous, responding to socio-economic variables. Three main elements in models of technological innovation are: (i) corporate investment in research and development, (ii) spillovers from R&D, and (iii) tech-nology learning, especially learning-by-doing. The incorporation of induced technological change in different types of environmental-economic models tends to reduce the costs of environmental policy, accelerates abatement and may lead to positive spillover and negative leakage.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Nota di Lavoro ; No. 4.2002

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Econometric Modeling: General ; Computable General Equilibrium Models ; Innovation; Research and Development; Technological Change; Intellectual Property Rights: General ; Renewable Resources and Conservation: Water
• Thema: Climate policy ; exogenous technological change ; induced technological change ; environment-economy models ; Umweltökonomik ; Klimaschutz ; Technischer Fortschritt ; Endogener technischer Fortschritt ; Theorie

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Löschel, Andreas
• Ereignis: Veröffentlichung
• (wer): Fondazione Eni Enrico Mattei (FEEM)
• (wo): Milano
• (wann): 2002

Weitere Informationen

• Handle: http://hdl.handle.net/10419/119613
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ