000120046 001__ 120046
000120046 005__ 20180122220653.0
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000120046 084__ $$aQ43
000120046 084__ $$aQ54
000120046 084__ $$aQ56
000120046 245__ $$aThe Environment and Directed Technical Change: Comment
000120046 260__ $$c2011-12
000120046 269__ $$a2011-12
000120046 270__ $$mhourcade@centre-cired.fr$$pHourcade,   Jean-Charles
000120046 300__ $$a17
000120046 336__ $$aWorking or Discussion Paper
000120046 490__ $$aCCSD
000120046 490__ $$a95.2011
000120046 520__ $$aThis paper discusses the growth model with environmental constraints recently presented in (Acemoglu et al., 2011) which focuses on the redirection of technical change by climate policies with research subsidies and a carbon tax. First, Acemoglu et al.'s model and chosen parameters yield numerical results that do not support the conclusion that ambitious climate policies can be conducted “without sacrificing (much or any) long-run growth”. Second, they select unrealistic key parameters for carbon sinks and elasticity of substitution. We find that more realistic parameters lead to very different results. Third, the model leads to an unrealistic conclusion when used to analyse endogenous growth, suggesting specification problems.
000120046 542__ $$fLicense granted by Nancy Elera (nancy.elera@feem.it) on 2012-01-27T09:01:32Z (GMT):

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000120046 650__ $$aEnvironmental Economics and Policy
000120046 6531_ $$aTechnological Change
000120046 6531_ $$aEndogenous Growth
000120046 6531_ $$aClimate
000120046 6531_ $$aEnergy Substitutability
000120046 700__ $$aHourcade, Jean-Charles
000120046 700__ $$aPottier, Antonin
000120046 700__ $$aEspagne, Etienne
000120046 8564_ $$s547251$$uhttp://ageconsearch.umn.edu/record/120046/files/NDL2011-095.pdf
000120046 887__ $$ahttp://purl.umn.edu/120046
000120046 909CO $$ooai:ageconsearch.umn.edu:120046$$pGLOBAL_SET
000120046 912__ $$nSubmitted by Nancy Elera (nancy.elera@feem.it) on 2012-01-27T09:09:31Z
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  Previous issue date: 2011-12
000120046 982__ $$gFondazione Eni Enrico Mattei (FEEM)>Climate Change and Sustainable Development
000120046 980__ $$a824