Endogenous growth , directed technical change , technology transfer , integrated assessment , carbon budget , China
Abstract:
We introduce endogenous directed technical change into numerical integrated
climate and development policy assessment. We distinguish expenditures on
innovation (R&D) and imitation (international technology spillovers) and consider
the role of capital investment in creating and implementing new technologies. Our
main contribution is to calibrate and numerically solve the model and to examine
the model’s sensitivity. As an application, we assess a carbon budget-based climate
policy and vary the beginning of energy-saving technology transfer. Accordingly,
China is a main beneficiary of early technology transfer. Herein, our results
highlight the importance of timely international technology transfer for efficiently
meeting global emission targets. Most of the consumption gains from endogenous
growth are captured in the baseline. Moreover, mitigation costs turn out to be
insensitive to changes in most of the parameters of endogenous growth. A higher
effectivity of energy-specific relative to labor-specific expenditures on innovation
and imitation reduces mitigation costs, though.
Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.
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