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Replication data for: Climate Policy and Innovation: A Quantitative Macroeconomic Analysis

Version
V0
Resource Type
Dataset
Creator
  • Fried, Stephie
Publication Date
2018-01-01
Description
  • Abstract

    A 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.
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/mac.20150289 (Text)
Publications
  • 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

Fried, Stephie (2018): Replication data for: Climate Policy and Innovation: A Quantitative Macroeconomic Analysis. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E116407