On the effect of technological progress on pollution: An overlooked distortion in endogenous growth
Autor(a) principal: | |
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Data de Publicação: | 2013 |
Outros Autores: | , |
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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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 |
format |
article |
status_str |
publishedVersion |
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 |
language |
eng |
dc.relation.none.fl_str_mv |
0030-7653 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
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 instacron:RCAAP |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
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RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
repository.mail.fl_str_mv |
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1799134818350399488 |