Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/59738 
Year of Publication: 
2012
Series/Report no.: 
Nota di Lavoro No. 27.2012
Publisher: 
Fondazione Eni Enrico Mattei (FEEM), Milano
Abstract: 
This paper uses a dynamic CGE model to assess the intertemporal and spatial dimension of technology spillovers embodied in international trade within a climate and trade policy framework. Three are the main contributions of the study. First, to include endogenous factor-biased technical change based on trade flows in a CGE model, particularly for energy and capital. Second, to analyse the implications of specific spillovers embodied in trade of capital goods (machinery and equipment), and third, to highlight the implications of accounting for indirect effects induced by spillovers. We find that explicitly modelling trade spillovers reveals significant effects thanks to the transmission mechanisms underlying imports of capital commodities. We then assess the net contribution of modelling trade spillovers within three policy scenarios. The aggregated net effects of spillovers are rather small confirming findings from previous studies. However, there are important international and intersectoral redistribution effects due to technology transfers represented as embodied spillovers.
Subjects: 
Computable General Equilibrium Models
Climate Change
Economic Growth
Technological Spillovers
JEL: 
C68
E27
O12
Q54
Q56
O33
Document Type: 
Working Paper

Files in This Item:
File
Size
389.49 kB





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