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dc.contributor.authorHourcade, Jean-Charlesen_US
dc.contributor.authorPottier, Antoninen_US
dc.contributor.authorEspagne, Etienneen_US
dc.date.accessioned2012-01-23en_US
dc.date.accessioned2012-07-13T14:52:40Z-
dc.date.available2012-07-13T14:52:40Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/59719-
dc.description.abstractThis paper discusses the growth model with environmental constraints recently presented in (Acemoglu et al., 2011) which focuses on the redirection of technical change by climate policies with research subsidies and a carbon tax. First, Acemoglu et al.'s model and chosen parameters yield numerical results that do not support the conclusion that ambitious climate policies can be conducted without sacrificing (much or any) long-run growth. Second, they select unrealistic key parameters for carbon sinks and elasticity of substitution. We find that more realistic parameters lead to very different results. Third, the model leads to an unrealistic conclusion when used to analyse endogenous growth, suggesting specification problems.en_US
dc.language.isoengen_US
dc.publisherFondazione Eni Enrico Mattei Milanoen_US
dc.relation.ispartofseriesNota di lavoro, Fondazione Eni Enrico Mattei: Climate Change and Sustainable Development 95.2011en_US
dc.subject.jelO30en_US
dc.subject.jelO33en_US
dc.subject.jelQ43en_US
dc.subject.jelQ54en_US
dc.subject.jelQ56en_US
dc.subject.ddc330en_US
dc.subject.keywordTechnological Changeen_US
dc.subject.keywordEndogenous Growthen_US
dc.subject.keywordClimateen_US
dc.subject.keywordEnergy Substitutabilityen_US
dc.titleThe environment and directed technical change: Commenten_US
dc.typeWorking Paperen_US
dc.identifier.ppn68394357Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:FEEM Working Papers, Fondazione Eni Enrico Mattei

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