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Publicação
Energy conservation, unemployment and the direction of technical change
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Autores
Orientador(es)
Resumo(s)
This paper extends the model by Smulders and de Nooij (Resour Energy Econ 25:59–79, 2003), where technical change can be biased towards labour or energy, by assuming a monopolistic union and a government which pays unemployment benefits, collects wage taxes and sells emission permits. The extended model is applied to the analysis of environmental tax reforms. A reduction in the level of energy use yields a double dividend by lowering pollution and unemployment, while temporarily inducing energy-saving technical change. It moves the economy to a new balanced growth path where unemployment is permanently lower, but long-run growth is not aff ected. A reduction in the growth rate of energy use induces a persistent bias in technical change towards labour and reduces long-run growth.
Descrição
Palavras-chave
Unemployment Double dividend Directed technical change Environmental tax reform
Contexto Educativo
Citação
Kronenberg, Tobias (2010). "Energy conservation, unemployment and the direction of technical change". Portuguese Economic Journal, 9(1):1-17
Editora
Springer Verlag