English, Article, Journal or magazine article edition: On general versus emission saving R&D support Brita Bye and Karl Jacobsen

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Bookmark: http://trove.nla.gov.au/version/53420
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • On general versus emission saving R&​D support
Author
  • Brita Bye and Karl Jacobsen
Physical Description
  • preprint
Notes
  • We analyse welfare effects of supporting general versus emission saving technological development when carbon emissions are regulated by a carbon tax. We use a computable general equilibrium model with induced technological change (ITC). ITC is driven by two separate, economically motivated research and development (R&​D) activities, one general and one emission saving specified as carbon capture and storage. We study public revenue neutral policy alternatives targeted towards general R&​D and emission saving R&​D. Support to general R&​D is the welfare superior, independent of the level of international carbon price. However, the welfare gap between the two R&​D policy alternatives is reduced if the carbon price increases.
  • Applied general equilibrium; Endogenous growth; Research and Development; Directed technological change; Carbon policy
  • RePEc:ssb:dispap:584
Language
  • English
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