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Induced Technological Change under Technology Competition

1st Person: Gerlagh, Reyer
Type of Publication: Paper
Language: English
Published: Fondazione Eni Enrico Mattei (FEEM) 2003
Series: Nota di Lavoro
Keywords: Technischer Fortschritt
Innovationswettbewerb
Ökosteuer
Partielles Gleichgewicht
Theorie
Technological change
Technology competition
Partial equilibrium
Theory
Online: https://www.econstor.eu/bitstream/10419/118032/1/NDL2003-005.pdf
id
oai_econstor.eu_10419-118032
recordtype
econstor
institution
MPG
collection
ECONSTOR
title
Induced Technological Change under Technology Competition
spellingShingle
Induced Technological Change under Technology Competition
Technischer Fortschritt
Innovationswettbewerb
Ökosteuer
Partielles Gleichgewicht
Theorie
Technological change
Technology competition
Partial equilibrium
Theory
Gerlagh, Reyer
Nota di Lavoro
title_short
Induced Technological Change under Technology Competition
title_full
Induced Technological Change under Technology Competition
title_fullStr
Induced Technological Change under Technology Competition
title_full_unstemmed
Induced Technological Change under Technology Competition
title_sort
Induced Technological Change under Technology Competition
format
electronic Article
format_phy_str_mv
Paper
publisher
Fondazione Eni Enrico Mattei (FEEM)
publishDate
2003
language
English
topic
Technischer Fortschritt
Innovationswettbewerb
Ökosteuer
Partielles Gleichgewicht
Theorie
Technological change
Technology competition
Partial equilibrium
Theory
topic_facet
Technological change
Technology competition
Partial equilibrium
Theory
author
Gerlagh, Reyer
description
We develop a partial one-sector model with capital, natural resources, and labor as production factors, and endogenous technological change through research. Production exhibits increasing returns to scale. We compare the response of output and resource use to a change in resource prices with and without induced technological change (ITC). It is shown that induced technological change is insignificant in reducing resource use when there is one representative technology and output demand is inelastic to prices. In contrast, substantial gains from ITC appear when we allow for two competing technologies that can be employed for production, while these technologies are good substitutes. Also, in case of two technologies, conditions are specified under which multiple balanced growth paths exist, and it is shown that because of ITC, a temporary resource tax can lock out the economy from a resource intensive path and lock in to a resource extensive path.
url
https://www.econstor.eu/bitstream/10419/118032/1/NDL2003-005.pdf
series
Nota di Lavoro
seriesStr
Nota di Lavoro
Nota di Lavoro
series2
Nota di Lavoro
series2_facet
Nota di Lavoro
up_date
2019-06-25T02:50:15.431Z
_version_
1637279120327966722

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