Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/24483
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dc.contributor.authorLöschel, Andreasen_US
dc.date.accessioned2009-02-16T14:56:39Z-
dc.date.available2009-02-16T14:56:39Z-
dc.date.issued2001en_US
dc.identifier.urihttp://hdl.handle.net/10419/24483-
dc.description.abstractThis paper provides an overview of the treatment of technological change in economic models of environmental policy. Numerous economic modeling studies have confirmed the sensitivity of mid- and long-run climate change mitigation cost and benefit projections to assumptions about technology costs. In general, technical progress is considered to be a noneconomic, exogenous variable in global climate change modeling. However, there is overwhelming evidence that technological change is not an exogenous variable but to an important degree endogenous, induced by needs and pressures. Hence, some environmenteconomy models treat technological change as endogenous, responding to socio-economic variables. Three main elements in models of technological innovation are: (i) corporate investment in research and development, (ii) spillovers from R&D, and (iii) technology learning, especially learning-by-doing. The incorporation of induced technological change in different types of environmental-economic models tends to reduce the costs of environmental policy, accelerates abatement and may lead to positive spillover and negative leakage.en_US
dc.language.isoengen_US
dc.publisher|aZentrum für Europäische Wirtschaftsforschung (ZEW) |cMannheim-
dc.relation.ispartofseries|aZEW Discussion Papers |x01-62en_US
dc.subject.jelC50en_US
dc.subject.jelQ25en_US
dc.subject.jelO30en_US
dc.subject.jelC68en_US
dc.subject.ddc330en_US
dc.subject.keywordexogenous technological changeen_US
dc.subject.keywordinduced technological changeen_US
dc.subject.keywordenvironmenteconomy modelsen_US
dc.subject.stwUmweltökonomiken_US
dc.subject.stwKlimaschutzen_US
dc.subject.stwTechnischer Fortschritten_US
dc.subject.stwEndogener technischer Fortschritten_US
dc.subject.stwTheorieen_US
dc.titleTechnological change in economic models of environmental policy: a surveyen_US
dc.typeWorking Paperen_US
dc.identifier.ppn856297151en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:zewdip:5418-

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