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Erscheinungsjahr: 
2014
Schriftenreihe/Nr.: 
Nota di Lavoro No. 59.2014
Verlag: 
Fondazione Eni Enrico Mattei (FEEM), Milano
Zusammenfassung: 
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.
Schlagwörter: 
Environmental R&D
Green Technology
R&D Spillover
Emissions Tax
JEL: 
H23
L11
Q55
Dokumentart: 
Working Paper

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