Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/101957
Authors: 
McDonald, Stuart
Poyago-Theotoky, Joanna
Year of Publication: 
2014
Series/Report no.: 
Nota di Lavoro, Fondazione Eni Enrico Mattei 59.2014
Abstract: 
We examine the impact of an optimal emissions tax on research and development of emission reducing green technology (E-R&D) in the presence of R&D spillovers. We show that the size and effectiveness of the optimal emissions tax depends on the type of the R&D spillover: input or output spillover. In the case of R&D input spillovers (where only knowledge spillovers are accounted for), the optimal emissions tax required to stimulate R&D is always higher than when there is an R&D output spillover (where abatement and knowledge spillovers exist simultaneously). We also find that optimal emissions taxation and cooperative R&D complement each other when R&D spillovers are small, leading to lower emissions.
Subjects: 
Environmental R&D
Green Technology
R&D Spillover
Emissions Tax
JEL: 
H23
L11
Q55
Document Type: 
Working Paper

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