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Replication data for: The Environment and Directed Technical Change
- Acemoglu, Daron
- Aghion, Philippe
- Bursztyn, Leonardo
- Hemous, David
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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)
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Is supplement to
DOI: 10.1257/aer.102.1.131 (Text)
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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
Acemoglu, Daron; Aghion, Philippe; Bursztyn, Leonardo; Hemous, David (2012): Replication data for: The Environment and Directed Technical Change. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E112489
