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How ongoing structural change creates a double dividend : outdating of technologies and green growth
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Autores
Orientador(es)
Resumo(s)
In this paper we study how the ongoing transition to newer technologies, what we
refer to as dynamic structural change, in a doubly-diferentiated R&D-based economy can generate both higher economic growth and a slowdown of climate change,
thus, creating a win-win situation known as double dividend. We frst consider the
unregulated decentralised economy and show that ongoing structural change can
lead to lower environmental damages than the economy with a fxed structure. Next,
we consider an emission tax diferentiated across sectors which raises economic
growth and reduces emissions in the economy. Our results indicate that promoting
transition to newer technologies indeed may serve as a partial substitute to conventional abatement policy options.
Descrição
Palavras-chave
Environmental macroeconomics Double dividend Climate change Creative destruction Endogenous structural change Doubly-diferentiated R&D
Contexto Educativo
Citação
Bondarev, Anton e Alfred Greiner (2022). "How ongoing structural change creates a double dividend : outdating of technologies and green growth". Portuguese Economic Journal, 21(2):125-160
Editora
Springer