Replication data for: The Environment and Directed Technical Change

Principal Investigator(s): View help for Principal Investigator(s) Daron Acemoglu; Philippe Aghion; Leonardo Bursztyn; David Hemous

Version: View help for Version V1

Name	File Type	Size	Last Modified
simulation-final			10/11/2019 04:34:PM
LICENSE.txt	text/plain	14.6 KB	10/11/2019 12:34:PM

Project Citation:

Acemoglu, Daron, Aghion, Philippe, Bursztyn, Leonardo, and Hemous, David. Replication data for: The Environment and Directed Technical Change. Nashville, TN: American Economic Association [publisher], 2012. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-11. https://doi.org/10.3886/E112489V1

Project Description

Summary: 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)

Scope of Project

JEL Classification:
      O33 Technological Change: Choices and Consequences; Diffusion Processes
      O44 Environment and Growth
      Q30 Nonrenewable Resources and Conservation: General
      Q54 Climate; Natural Disasters and Their Management; Global Warming
      Q56 Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
      Q58 Environmental Economics: Government Policy

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Published Versions

V1 [2019-10-11]

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DDI 2.5

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