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dc.creatorSue Wing, Ian.-
dc.date2003-10-27T16:07:15Z-
dc.date2003-10-27T16:07:15Z-
dc.date2003-09-
dc.date.accessioned2013-10-09T02:31:49Z-
dc.date.available2013-10-09T02:31:49Z-
dc.date.issued2013-10-09-
dc.identifierno. 102-
dc.identifierhttp://mit.edu/globalchange/www/abstracts.html#a102-
dc.identifierhttp://hdl.handle.net/1721.1/3648-
dc.identifier.urihttp://koha.mediu.edu.my:8181/xmlui/handle/1721-
dc.descriptionThis paper investigates the potential for a carbon tax to induce R&D, and for the consequent induced technical change (ITC) to lower the macroeconomic cost of abating carbon emissions. ITC is modelled within a general equilibrium simulation of the U.S. economy by the effects of emissions restrictions on the level and composition of aggregate R&D, the accumulation of the stock of knowledge, and the industry-level reallocation and substitution of intangible services derived therefrom. Contrary to other authors, I find that ITC's impact is large, positive and dominated by the latter "substitution effect," which mitigates most of the deadweight loss of the tax.-
dc.descriptionAbstract in HTML and technical report in PDF available on the Massachusetts Institute of Technology Joint Program on the Science and Policy of Global Change website (http://mit.edu/globalchange/www/).-
dc.descriptionThis research was supported by the Offce of Science (BER), U.S. Department of Energy, Grant No. DE-FG02-02ER63484, and by funding from the MIT Joint Program on the Science and Policy of Global Change, which is supported by a consortium of government, industry and foundation sponsors.-
dc.format740056 bytes-
dc.formatapplication/pdf-
dc.languageen-
dc.relation;Report no. 102-
dc.subjectinduced technical change-
dc.subjectclimate-change policy-
dc.subjectcomputable general equilibrium models-
dc.titleInduced technical change and the cost of climate policy-
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