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dc.contributor.authorCarraro, Carloen_US
dc.contributor.authorDe Cian, Enricaen_US
dc.contributor.authorNicita, Leaen_US
dc.date.accessioned2010-11-18en_US
dc.date.accessioned2010-12-22T10:44:09Z-
dc.date.available2010-12-22T10:44:09Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/43563-
dc.description.abstractClimate-economy models aiming at quantifying the costs and effects of climate change impacts and policies have become important tools for climate policy decision-making. Although there are several important dimensions along which models differ, this paper focuses on a key component of climate change economics and policy, namely technical change. This paper tackles the issues of whether technical change is biased towards the energy sectors, the importance of the elasticity of substitution between factors in determining this bias and how mitigation policy is likely to affect it. The analysis is performed using the World Induced Technical Change model, WITCH. Three different versions of themodel are proposed. The starting set-up includes endogenous technical change only in the energy sector. A second version introduces endogenous technical change in both theenergy and non-energy sectors. A third version of the model embodies different sources of technical change, namely R&D and human capital. Although different formulations ofendogenous technical change have only a minor influence on climate policy costs, the macroeconomic effects on knowledge and human capital formation can vary greatly.en_US
dc.language.isoengen_US
dc.publisherFondazione Eni Enrico Mattei (FEEM) Milanoen_US
dc.relation.ispartofseriesNota di lavoro // Fondazione Eni Enrico Mattei: Sustainable Development 2010,4en_US
dc.subject.jelC72en_US
dc.subject.jelH23en_US
dc.subject.jelQ25en_US
dc.subject.jelQ28en_US
dc.subject.ddc330en_US
dc.subject.keywordTechnical Changeen_US
dc.subject.keywordClimate Policyen_US
dc.subject.keywordStabilization Costen_US
dc.subject.stwKlimaveränderungen_US
dc.subject.stwKlimaschutzen_US
dc.subject.stwUmweltschutzkostenen_US
dc.subject.stwEndogener technischer Fortschritten_US
dc.subject.stwTheorieen_US
dc.titleModeling biased technical change: Implications for climate policyen_US
dc.typeWorking Paperen_US
dc.identifier.ppn640182690en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:FEEM Working Papers, Fondazione Eni Enrico Mattei

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