@techreport{Kemfert2004Induced,
abstract = {This paper illustrates the representation of induced technological change in the multi-regional, multi-sectoral integrated assessment model WIAGEM. The main aim of this paper is
to investigate quantitatively economic impacts of climate policy measures due to induced
technological changes that are considered. Improved technological innovations are triggered
by increased R&D expenditures that advance energy efficiencies. Model results show that
induced technological changes due to increased investment in R&D reduce compliance costs.
Although R&D expenditures compete with other investment expenditures, we find that
increased R&D expenditures improve energy efficiency that substantially lowers abatement
costs. Without the inclusion of induced technological changes, emission targets are primarily
reached by production declines, resulting in overall welfare reductions. With the inclusion of
induced technological changes, emission mitigations can achieve fewer production
drawbacks. Technological spill over effects also lead to improved terms of trade effects.},
address = {Berlin},
author = {Claudia Kemfert},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {C6; D5; Q4; O3; 330; Induced technological change; multi-regional applied integrated assessment model; technological spill over; Endogener technischer Fortschritt; Umwelttechnik; Energiesparen; Klimaschutz; Forschungs- und Technologiepolitik; Technologietransfer; Mehr-L\"{a}nder-Modell; Mehr-Sektoren-Modell; Theorie},
language = {eng},
number = {435},
publisher = {Deutsches Institut f\"{u}r Wirtschaftsforschung (DIW)},
title = {Induced Technological Change in a Multiregional, Multi-sectoral Integrated Assessment Model (WIAGEM) : Impact Assessment of Climate Policy Strategies},
type = {DIW-Diskussionspapiere},
url = {http://hdl.handle.net/10419/18172},
year = {2004}
}
