Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/179447
Authors: 
Borissov, Kirill
Bretschger, Lucas
Vinogradova, Alexandra
Year of Publication: 
2018
Series/Report no.: 
Economics Working Paper Series 18/285
Abstract: 
We analyze the impact of carbon prices on human capital accumulation, sectoral change, and economic growth. In our framework output is produced with dirty and/or clean technologies using skilled and unskilled labor as inputs. Carbon policy affects technology selection which transmits incentives for human capital formation. We show that a temporary policy may be sufficient for a transition to a clean economy and that such a policy also stimulates economic growth. Moreover, in the presence of inter-country knowledge spillovers, a carbon policy in the North helps human capital formation in the South and induces South's transition to the clean steady state.
Subjects: 
Carbon pricing
education
clean and dirty technologies
temporary policies
JEL: 
Q43
O47
Q56
O41
Persistent Identifier of the first edition: 
Document Type: 
Working Paper
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