Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/59719 
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dc.contributor.authorHourcade, Jean-Charlesen
dc.contributor.authorPottier, Antoninen
dc.contributor.authorEspagne, Etienneen
dc.date.accessioned2012-01-23-
dc.date.accessioned2012-07-13T14:52:40Z-
dc.date.available2012-07-13T14:52:40Z-
dc.date.issued2011-
dc.identifier.urihttp://hdl.handle.net/10419/59719-
dc.description.abstractThis paper discusses the growth model with environmental constraints recently presented in (Acemoglu et al., 2011) which focuses on the redirection of technical change by climate policies with research subsidies and a carbon tax. First, Acemoglu et al.'s model and chosen parameters yield numerical results that do not support the conclusion that ambitious climate policies can be conducted without sacrificing (much or any) long-run growth. Second, they select unrealistic key parameters for carbon sinks and elasticity of substitution. We find that more realistic parameters lead to very different results. Third, the model leads to an unrealistic conclusion when used to analyse endogenous growth, suggesting specification problems.en
dc.language.isoengen
dc.publisher|aFondazione Eni Enrico Mattei (FEEM) |cMilanoen
dc.relation.ispartofseries|aNota di Lavoro |x95.2011en
dc.subject.jelO30en
dc.subject.jelO33en
dc.subject.jelQ43en
dc.subject.jelQ54en
dc.subject.jelQ56en
dc.subject.ddc330en
dc.subject.keywordTechnological Changeen
dc.subject.keywordEndogenous Growthen
dc.subject.keywordClimateen
dc.subject.keywordEnergy Substitutabilityen
dc.titleThe environment and directed technical change: Comment-
dc.typeWorking Paperen
dc.identifier.ppn68394357Xen
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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