On the effect of technological progress on pollution: An overlooked distortion in endogenous growth

Detalhes bibliográficos
Autor(a) principal: Ferreira-Lopes, Alexandra
Data de Publicação: 2013
Outros Autores: Sequeira, Tiago Neves, Roseta-Palma, Catarina
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10071/5529
Resumo: We derive a model of endogenous growth with physical capital, human capital and technological progress through quality-ladders. We introduce welfare-decreasing pollution in the model, which can be reduced through the development of cleaner technologies. From the quantitative analysis of the model, we show clear evidence that the externality from technological progress to pollution considered in this model is sufficiently strong to induce underinvestment in R&D as an outcome of the decentralized equilibrium. An important policy implication of the main result of this article is that it reinforces the case for R&D subsidies.
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spelling On the effect of technological progress on pollution: An overlooked distortion in endogenous growthWe derive a model of endogenous growth with physical capital, human capital and technological progress through quality-ladders. We introduce welfare-decreasing pollution in the model, which can be reduced through the development of cleaner technologies. From the quantitative analysis of the model, we show clear evidence that the externality from technological progress to pollution considered in this model is sufficiently strong to induce underinvestment in R&D as an outcome of the decentralized equilibrium. An important policy implication of the main result of this article is that it reinforces the case for R&D subsidies.Oxford University Press2013-09-04T10:54:31Z2013-04-01T00:00:00Z2013-04info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10071/5529eng0030-7653Ferreira-Lopes, AlexandraSequeira, Tiago NevesRoseta-Palma, Catarinainfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-11-09T17:51:35Zoai:repositorio.iscte-iul.pt:10071/5529Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T22:25:33.488171Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv On the effect of technological progress on pollution: An overlooked distortion in endogenous growth
title On the effect of technological progress on pollution: An overlooked distortion in endogenous growth
spellingShingle On the effect of technological progress on pollution: An overlooked distortion in endogenous growth
Ferreira-Lopes, Alexandra
title_short On the effect of technological progress on pollution: An overlooked distortion in endogenous growth
title_full On the effect of technological progress on pollution: An overlooked distortion in endogenous growth
title_fullStr On the effect of technological progress on pollution: An overlooked distortion in endogenous growth
title_full_unstemmed On the effect of technological progress on pollution: An overlooked distortion in endogenous growth
title_sort On the effect of technological progress on pollution: An overlooked distortion in endogenous growth
author Ferreira-Lopes, Alexandra
author_facet Ferreira-Lopes, Alexandra
Sequeira, Tiago Neves
Roseta-Palma, Catarina
author_role author
author2 Sequeira, Tiago Neves
Roseta-Palma, Catarina
author2_role author
author
dc.contributor.author.fl_str_mv Ferreira-Lopes, Alexandra
Sequeira, Tiago Neves
Roseta-Palma, Catarina
description We derive a model of endogenous growth with physical capital, human capital and technological progress through quality-ladders. We introduce welfare-decreasing pollution in the model, which can be reduced through the development of cleaner technologies. From the quantitative analysis of the model, we show clear evidence that the externality from technological progress to pollution considered in this model is sufficiently strong to induce underinvestment in R&D as an outcome of the decentralized equilibrium. An important policy implication of the main result of this article is that it reinforces the case for R&D subsidies.
publishDate 2013
dc.date.none.fl_str_mv 2013-09-04T10:54:31Z
2013-04-01T00:00:00Z
2013-04
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
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dc.identifier.uri.fl_str_mv http://hdl.handle.net/10071/5529
url http://hdl.handle.net/10071/5529
dc.language.iso.fl_str_mv eng
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dc.publisher.none.fl_str_mv Oxford University Press
publisher.none.fl_str_mv Oxford University Press
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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