Arbeitspapier
Timing of innovation policies when carbon emissions are restricted: an applied general equilibrium analysis
This paper studies the timing of subsidies for environmental research and development (R&D) and how innovation policy is influenced by the costs of emissions. We use a dynamic computable general equilibrium (CGE) model with both general R&D and specific environmental R&D. We find two results that are important when subsidizing environmental R&D in order to target inefficiencies in the research markets. Firstly, the welfare gain from subsidies is larger when the costs of emissions are higher. This is because a high carbon tax increases the social (efficient) investment in environmental R&D, in excess of the private investment in R&D. Secondly, the welfare gain is greater when there is a falling time profile of the rate of subsidies for environmental R&D, rather than a constant or increasing profile. The reason is that the innovation externalities are larger in early periods.
- Sprache
-
Englisch
- Erschienen in
-
Series: Discussion Papers ; No. 536
- Klassifikation
-
Wirtschaft
Fiscal Policy
Fiscal Policies and Behavior of Economic Agents: Household
Technological Change: Government Policy
Environmental Economics: Technological Innovation
- Thema
-
Applied general equilibrium
endogenous growth
research and development
carbon emissions.
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Heggedal, Tom-Reiel
Jacobsen, Karl
- Ereignis
-
Veröffentlichung
- (wer)
-
Statistics Norway, Research Department
- (wo)
-
Oslo
- (wann)
-
2008
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Heggedal, Tom-Reiel
- Jacobsen, Karl
- Statistics Norway, Research Department
Entstanden
- 2008
Ähnliche Objekte (12)
Real balance effects, timing and equilibrium determination
Real Balance Effects, Timing and Equilibrium Determination
Applied general equilibrium : an introduction
Applied general equilibrium : an introduction
Trade policy representation in applied equilibrium models
International emissions trading in a non-cooperative equilibrium
Applied General Equilibrium Analysis of Renewable Energy Policies
Taxation and unemployment : an applied general equilibrium approach
Essays in applied microeconomics : herding behavior, competition intensity and risk timing
Stabilization of Emissions of CO2: A Computable General Equilibrium Assessment
Restricted love
Restricted matchings
Real balance effects, timing and equilibrium determination
Real Balance Effects, Timing and Equilibrium Determination
Applied general equilibrium : an introduction
Applied general equilibrium : an introduction
Trade policy representation in applied equilibrium models
International emissions trading in a non-cooperative equilibrium
Applied General Equilibrium Analysis of Renewable Energy Policies
Taxation and unemployment : an applied general equilibrium approach
Essays in applied microeconomics : herding behavior, competition intensity and risk timing
Stabilization of Emissions of CO2: A Computable General Equilibrium Assessment
Restricted love
Restricted matchings
Real balance effects, timing and equilibrium determination
Real Balance Effects, Timing and Equilibrium Determination
Applied general equilibrium : an introduction
Applied general equilibrium : an introduction
Trade policy representation in applied equilibrium models
International emissions trading in a non-cooperative equilibrium
Applied General Equilibrium Analysis of Renewable Energy Policies
Taxation and unemployment : an applied general equilibrium approach
Essays in applied microeconomics : herding behavior, competition intensity and risk timing
Stabilization of Emissions of CO2: A Computable General Equilibrium Assessment
Restricted love