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dc.contributor.authorKemfert, Claudiaen_US
dc.contributor.authorTruong, Truong Phuocen_US
dc.date.accessioned2009-01-28T15:43:05Z-
dc.date.available2009-01-28T15:43:05Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/18381-
dc.description.abstractThe main aim of this paper is to investigate quantitatively the economic impacts of emissions stabilization scenarios with and without the inclusion of induced technological change (ITC). 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 which substantially lowers abatement costs. Without the inclusion of induced technological change, emissions targets are primarily reached by declines in production, resulting in overall welfare reductions. With the inclusion of induced technological changes, emissions mitigations can result in fewer production and GDP drawbacks.en_US
dc.language.isoengen_US
dc.publisherDeutsches Institut für Wirtschaftsforschung (DIW) Berlinen_US
dc.relation.ispartofseriesDIW-Diskussionspapiere 530en_US
dc.subject.jelQ4en_US
dc.subject.jelO3en_US
dc.subject.jelC6en_US
dc.subject.jelD5en_US
dc.subject.ddc330en_US
dc.subject.keywordimpact assessment of climate policyen_US
dc.subject.keywordtechnological changeen_US
dc.titleImpact Assessment of Emissions Stabilization Scenarios with and without Induced Technological Changeen_US
dc.typeWorking Paperen_US
dc.identifier.ppn50431887Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:Publikationen von Forscherinnen und Forschern des DIW
DIW-Diskussionspapiere

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