A carregar...
Publicação
Directed technical change and environmental quality
| Nome: | Descrição: | Tamanho: | Formato: | |
|---|---|---|---|---|
| 667.58 KB | Adobe PDF |
Orientador(es)
Resumo(s)
We propose a directed technical change model with two sectors, clean and dirty, to
analyze the impact of the degree of substitutability between sectors and the degree of
scale effects on the environmental quality. The technological knowledge is biased
towards the clean sector; i.e., the environmental quality is improved whenever the
elasticity of substitution between inputs in both sectors increases and, along with that,
the economy: (i) is rich in renewable capital, (ii) has higher relative supply of clean
labor under scale effects, and (iii) enjoys higher relative R&D productivity in the clean
sector. The improvement in the environmental quality benefits the welfare. Moreover,
the growth rate is higher in the presence of scale effects.
Descrição
Palavras-chave
Directed technical change Clean and dirty sectors Substitutability Scale effects Wage inequality Environmental quality
Contexto Educativo
Citação
Afonso, Óscar ... [et al.] (2021). "Directed technical change and environmental quality". Portuguese Economic Journal, 20(1):71-97
Editora
Springer