Arbeitspapier

Technological change in economic models of environmental policy: a survey

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 projections to assumptions about technology costs. In general, technical progress is considered to be a noneconomic, 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 environmenteconomy 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) technology 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.

Sprache
Englisch

Erschienen in
Series: ZEW Discussion Papers ; No. 01-62

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

Ereignis
Geistige Schöpfung
(wer)
Löschel, Andreas
Ereignis
Veröffentlichung
(wer)
Zentrum für Europäische Wirtschaftsforschung (ZEW)
(wo)
Mannheim
(wann)
2001

Handle
Letzte Aktualisierung
10.03.2025, 11:41 MEZ

Datenpartner

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Objekttyp

  • Arbeitspapier

Beteiligte

  • Löschel, Andreas
  • Zentrum für Europäische Wirtschaftsforschung (ZEW)

Entstanden

  • 2001

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