| dc.creator |
Sue Wing, Ian. |
|
| dc.date |
2003-10-27T16:07:15Z |
|
| dc.date |
2003-10-27T16:07:15Z |
|
| dc.date |
2003-09 |
|
| dc.date.accessioned |
2013-10-09T02:31:49Z |
|
| dc.date.available |
2013-10-09T02:31:49Z |
|
| dc.date.issued |
2013-10-09 |
|
| dc.identifier |
no. 102 |
|
| dc.identifier |
http://mit.edu/globalchange/www/abstracts.html#a102 |
|
| dc.identifier |
http://hdl.handle.net/1721.1/3648 |
|
| dc.identifier.uri |
http://koha.mediu.edu.my:8181/xmlui/handle/1721 |
|
| dc.description |
This 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.description |
Abstract 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.description |
This 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.format |
740056 bytes |
|
| dc.format |
application/pdf |
|
| dc.language |
en |
|
| dc.relation |
;Report no. 102 |
|
| dc.subject |
induced technical change |
|
| dc.subject |
climate-change policy |
|
| dc.subject |
computable general equilibrium models |
|
| dc.title |
Induced technical change and the cost of climate policy |
|