Knowledge diffusion, endogenous growth, and the costs of global climate policy

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Knowledge diffusion, endogenous growth, and the costs of global climate policy

JournalArticle (Originalarbeit in einer wissenschaftlichen Zeitschrift)

ID	3831079
Author(s)	Bretschger, L.; Lechthaler, F.; Rausch, S.; Zhang, L.
Author(s) at UniBasel	Lechthaler-Felber, Giulia
Year	2017
Title	Knowledge diffusion, endogenous growth, and the costs of global climate policy
Journal	European economic review
Volume	93
Pages / Article-Number	47-72
Abstract	This paper examines the effects of knowledge diffusion on growth and the costs of climate policy. We develop a general equilibrium model with endogenous growth which represents knowledge diffusion between sectors and regions. Knowledge diffusion depends on accessibility and absorptive capacity which we estimate econometrically using patent and citation data. Knowledge diffusion leads to a "greening" of economies boosting productivity of "clean" carbon-extensive sectors. Knowledge diffusion lowers the costs of global climate policy by about 90% for emerging countries (China) and 20% for developed regions (Europe and USA), depending on the substitutability between different knowledge types. (C) 2017 Elsevier B.V. All rights reserved.
Publisher	North Holland Publ.
ISSN/ISBN	0014-2921
edoc-URL	http://edoc.unibas.ch/55273/
Full Text on edoc	No
Digital Object Identifier DOI	10.1016/j.euroecorev.2016.11.012
ISI-Number	WOS:000399846000003
Document type (ISI)	Article

09/05/2024

Research Database / FORSCHUNGSDATENBANK