Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/192566 
Year of Publication: 
2009
Series/Report no.: 
Discussion Papers No. 584
Publisher: 
Statistics Norway, Research Department, Oslo
Abstract: 
We analyse welfare effects of supporting general versus emission saving technological development when carbon emissions are regulated by a carbon tax. We use a computable general equilibrium model with induced technological change (ITC). ITC is driven by two separate, economically motivated research and development (R&D) activities, one general and one emission saving specified as carbon capture and storage. We study public revenue neutral policy alternatives targeted towards general R&D and emission saving R&D. Support to general R&D is the welfare superior, independent of the level of international carbon price. However, the welfare gap between the two R&D policy alternatives is reduced if the carbon price increases.
Subjects: 
Applied general equilibrium
Endogenous growth
Research and Development
Directed technological change
Carbon policy
JEL: 
C68
E62
H32
O38
O41
Document Type: 
Working Paper

Files in This Item:
File
Size
335.08 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.