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| Author: | Popp, D. |
| Title: | ENTICE: endogenous technological change in the DICE model of global warming |
| Journal: | Journal of Environmental Economics and Management
2005 : JUL, VOL. 48:1, p. 742-768 |
| Index terms: | global warming innovation models R&D technological change |
| Language: | eng |
| Abstract: | Most economic models of environmental policy treat technology as exogenous, despite growing empirical evidence of the link between environmental policy and innovation. In this article the DICE model of climate change is modified to allow for induced innovation in the energy sector. It is found that potential crowding out of other R&D and market failures in the R&D sector are the most important limiting factors to the potential of induced innovation. |
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