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dc.contributor.authorKemfert, Claudiaen
dc.contributor.authorTruong, Truong Phuocen
dc.date.accessioned2009-01-28T15:43:05Z-
dc.date.available2009-01-28T15:43:05Z-
dc.date.issued2005-
dc.identifier.urihttp://hdl.handle.net/10419/18381-
dc.description.abstractThe main aim of this paper is to investigate quantitatively the economic impacts of emissions stabilization scenarios with and without the inclusion of induced technological change (ITC). Improved technological innovations are triggered by increased R&D expenditures that advance energy efficiencies. Model results show that induced technological changes due to increased investment in R&D reduce compliance costs. Although R&D expenditures compete with other investment expenditures, we find that increased R&D expenditures improve energy efficiency which substantially lowers abatement costs. Without the inclusion of induced technological change, emissions targets are primarily reached by declines in production, resulting in overall welfare reductions. With the inclusion of induced technological changes, emissions mitigations can result in fewer production and GDP drawbacks.en
dc.language.isoengen
dc.publisher|aDeutsches Institut für Wirtschaftsforschung (DIW) |cBerlinen
dc.relation.ispartofseries|aDIW Discussion Papers |x530en
dc.subject.jelQ4en
dc.subject.jelO3en
dc.subject.jelC6en
dc.subject.jelD5en
dc.subject.ddc330en
dc.subject.keywordimpact assessment of climate policyen
dc.subject.keywordtechnological changeen
dc.titleImpact Assessment of Emissions Stabilization Scenarios with and without Induced Technological Change-
dc.typeWorking Paperen
dc.identifier.ppn50431887Xen
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:diw:diwwpp:dp530en

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