Elasticity of substitution between clean and dirty energy inputs : a macroeconomic perspective


Papageorgiou, Chris ; Saam, Marianne ; Schulte, Patrick


[img]
Preview
PDF
dp13087.pdf - Published

Download (623kB)

URL: https://ub-madoc.bib.uni-mannheim.de/35209
URN: urn:nbn:de:bsz:180-madoc-352093
Document Type: Working paper
Year of publication: 2013
The title of a journal, publication series: ZEW Discussion Papers
Volume: 13-087
Place of publication: Mannheim
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Classification: JEL: O44 , O47 , Q54 , Q58,
Keywords (English): Clean and dirty energy inputs , aggregate elasticity of substitution , CES function , cross-country sectoral data , environmental policy
Abstract: Recently Acemolgu, Aghion, Bursztyn and Hemous (AER 2012) formulated a model in which a high macroeconomic elasticity of substitution between clean and dirty production represents a crucial condition for green growth. Until now it has never been systematically estimated. Using a novel panel of cross-country sectoral data, we formulate specifications of nested CES production functions that allow to estimate a special case of this parameter: the elasticity of substitution between clean and dirty energy inputs. Contrary to what is expected based on the earlier interfuel substitution literature, we find evidence that this elasticity exceeds one.

Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




+ Citation Example and Export

Papageorgiou, Chris ; Saam, Marianne ; Schulte, Patrick (2013) Elasticity of substitution between clean and dirty energy inputs : a macroeconomic perspective. Open Access ZEW Discussion Papers Mannheim 13-087 [Working paper]
[img]
Preview


+ Search Authors in

+ Download Statistics

Downloads per month over past year

View more statistics



You have found an error? Please let us know about your desired correction here: E-Mail


Actions (login required)

Show item Show item