Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/43563 
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dc.contributor.authorCarraro, Carloen
dc.contributor.authorDe Cian, Enricaen
dc.contributor.authorNicita, Leaen
dc.date.accessioned2010-11-18-
dc.date.accessioned2010-12-22T10:44:09Z-
dc.date.available2010-12-22T10:44:09Z-
dc.date.issued2010-
dc.identifier.urihttp://hdl.handle.net/10419/43563-
dc.description.abstractClimate-economy models aiming at quantifying the costs and effects of climate change impacts and policies have become important tools for climate policy decision-making. Although there are several important dimensions along which models differ, this paper focuses on a key component of climate change economics and policy, namely technical change. This paper tackles the issues of whether technical change is biased towards the energy sectors, the importance of the elasticity of substitution between factors in determining this bias and how mitigation policy is likely to affect it. The analysis is performed using the World Induced Technical Change model, WITCH. Three different versions of themodel are proposed. The starting set-up includes endogenous technical change only in the energy sector. A second version introduces endogenous technical change in both theenergy and non-energy sectors. A third version of the model embodies different sources of technical change, namely R&D and human capital. Although different formulations ofendogenous technical change have only a minor influence on climate policy costs, the macroeconomic effects on knowledge and human capital formation can vary greatly.en
dc.language.isoengen
dc.publisher|aFondazione Eni Enrico Mattei (FEEM) |cMilanoen
dc.relation.ispartofseries|aNota di Lavoro |x2010,4en
dc.subject.jelC72en
dc.subject.jelH23en
dc.subject.jelQ25en
dc.subject.jelQ28en
dc.subject.ddc330en
dc.subject.keywordTechnical Changeen
dc.subject.keywordClimate Policyen
dc.subject.keywordStabilization Costen
dc.subject.stwKlimaveränderungen
dc.subject.stwKlimaschutzen
dc.subject.stwUmweltschutzkostenen
dc.subject.stwEndogener technischer Fortschritten
dc.subject.stwTheorieen
dc.titleModeling biased technical change: Implications for climate policy-
dc.typeWorking Paperen
dc.identifier.ppn640182690en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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