Replication data for: Climate Policy and Innovation: A Quantitative Macroeconomic Analysis
- Fried, Stephie
AbstractA carbon tax can induce innovation in green technologies. I evaluate the quantitative impact of this channel in a dynamic, general equilibrium model with endogenous innovation in fossil, green, and nonenergy inputs. I discipline the parameters using evidence from historical oil shocks, after which both energy prices and energy innovation increased substantially. I find that a carbon tax induces large changes in innovation. This innovation response increases the effectiveness of the policy at reducing emissions, resulting in a 19.2 percent decrease in the size of the carbon tax required to reduce emissions by 30 percent in 20 years.
Is supplement to
DOI: 10.1257/mac.20150289 (Text)
Fried, Stephie. “Climate Policy and Innovation: A Quantitative Macroeconomic Analysis.” American Economic Journal: Macroeconomics 10, no. 1 (January 2018): 90–118. https://doi.org/10.1257/mac.20150289.
- ID: 10.1257/mac.20150289 (DOI)
Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-12-07