Global warming and technical change: Multiple steady-states and policy options

Bondarev A, Greiner A (2018) Universität Bielefeld Working Papers in Economics and Management; 03-2018.
Bielefeld: Bielefeld University, Department of Business Administration and Economics.

Download
OA 622.15 KB
Working Paper | Published | English
Abstract
In this paper we develop an economic growth model that includes anthropogenic climate change. We include a publicly funded research sector that creates new technologies and simultaneously expands the productivities of existing technologies. The environment is affected by R&D activities both negatively, through the increase of output from productivity growth, as well as positively as new technologies are less harmful for the environment. We find that there may exist two different steadystates of the economy, depending on the amount of research spending: one with less new technologies being developed and the other with more technologies. Thus, a lock-in effect may arise that, however, can be overcome by raising R&D spending sufficiently such that the steady-state becomes unique. We derive the combinations of fiscal policy instruments for which that can be achieved and we study the implications for the economy and for the environment. In particular, the double dividend hypothesis may hold only under some specific conditions.
Publishing Year
ISSN
PUB-ID

Cite this

Bondarev A, Greiner A. Global warming and technical change: Multiple steady-states and policy options. Universität Bielefeld Working Papers in Economics and Management. Vol 03-2018. Bielefeld: Bielefeld University, Department of Business Administration and Economics; 2018.
Bondarev, A., & Greiner, A. (2018). Global warming and technical change: Multiple steady-states and policy options (Universität Bielefeld Working Papers in Economics and Management, 03-2018). Bielefeld: Bielefeld University, Department of Business Administration and Economics. doi:10.4119/unibi/2916995
Bondarev, A., and Greiner, A. (2018). Global warming and technical change: Multiple steady-states and policy options. Universität Bielefeld Working Papers in Economics and Management, 03-2018, Bielefeld: Bielefeld University, Department of Business Administration and Economics.
Bondarev, A., & Greiner, A., 2018. Global warming and technical change: Multiple steady-states and policy options, Universität Bielefeld Working Papers in Economics and Management, no.03-2018, Bielefeld: Bielefeld University, Department of Business Administration and Economics.
A. Bondarev and A. Greiner, Global warming and technical change: Multiple steady-states and policy options, Universität Bielefeld Working Papers in Economics and Management, vol. 03-2018, Bielefeld: Bielefeld University, Department of Business Administration and Economics, 2018.
Bondarev, A., Greiner, A.: Global warming and technical change: Multiple steady-states and policy options. Universität Bielefeld Working Papers in Economics and Management, 03-2018. Bielefeld University, Department of Business Administration and Economics, Bielefeld (2018).
Bondarev, Anton, and Greiner, Alfred. Global warming and technical change: Multiple steady-states and policy options. Bielefeld: Bielefeld University, Department of Business Administration and Economics, 2018. Universität Bielefeld Working Papers in Economics and Management. 03-2018.
All files available under the following license(s):
Copyright Statement:
This Item is protected by copyright and/or related rights. [...]
Main File(s)
File Name
Access Level
OA Open Access
Last Uploaded
2018-01-26T10:24:44Z

This data publication is cited in the following publications:
This publication cites the following data publications:

Export

0 Marked Publications

Open Data PUB

Search this title in

Google Scholar