Metadata

Replication data for: The Environment and Directed Technical Change

Version
V0
Resource Type
Dataset
Creator
  • Acemoglu, Daron
  • Aghion, Philippe
  • Bursztyn, Leonardo
  • Hemous, David
Publication Date
2012-02-01
Description

  • Abstract

    This paper introduces endogenous and directed technical change in a growth model with environmental constraints. The final good is produced from "dirty" and "clean" inputs. We show that: (i) when inputs are sufficiently substitutable, sustainable growth can be achieved with temporary taxes/subsidies that redirect innovation toward clean inputs; (ii) optimal policy involves both "carbon taxes" and research subsidies, avoiding excessive use of carbon taxes; (iii) delay in intervention is costly, as it later necessitates a longer transition phase with slow growth; and (iv) use of an exhaustible resource in dirty input production helps the switch to clean innovation under laissez-faire. (JEL O33, O44, Q30, Q54, Q56, Q58)
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/aer.102.1.131 (Text)
Publications
  • Acemoglu, Daron, Philippe Aghion, Leonardo Bursztyn, and David Hemous. “The Environment and Directed Technical Change.” American Economic Review 102, no. 1 (February 2012): 131–66. https://doi.org/10.1257/aer.102.1.131.
    • ID: 10.1257/aer.102.1.131 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-11