Filters: Tags: Research and Development (X)
1 result (7ms)
Filters
Date Range
Extensions Types Contacts Categories |
This paper studies the timing of subsidies for emissions-saving research and development (R&D) and how innovation policy is influenced by a carbon tax. We develop a dynamic computable general equilibrium (CGE) model with both general R&D and specific emissions-saving R&D. We find two results that are important when subsidizing emissions-saving R&D in order to target inefficiencies in the research markets. First, the welfare gain from subsidies is larger when the carbon tax is high. This is because a high carbon tax raises the social value of the emissions-saving technology and that this increase in value is not fully appropriated by the private firms. Secondly, the welfare gain is greater when there is a falling...
Categories: Publication;
Types: Citation;
Tags: Applied general equilibrium,
Carbon emissions,
Endogenous growth,
Research and development
|