GTAP Resources: Resource Display
| GTAP Resource #6833 |
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"Endogenous Technological Change Adapted to the CGE Framework" by Witajewski-Baltvilks, Jan Abstract We introduce endogenous technological change in a multi-sector recursive dynamic Computable General Equilibrium (CGE) model. We consider the optimisation problem of technology firms that can choose the optimal level of R&D intensity given market conditions. The R&D intensity determines the number of innovations and speed of technological change in each sector. In addition, firms can choose the direction of technological change; for example, when designing, they could select less energy-intensive but more capital-intensive production when the price of energy increases. The incorporation of endogenous technological change has significant impacts on policy simulations. Once it is considered, the model predicts that the climate policy (in the form of a carbon tax) has a significantly larger impact on emissions in the long run than in the short run. |
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- Model extension/development - Climate change policy - Technological change |
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Public Access  GTAP Resource 6833 paper (609.7 KB) Replicated: 0 time(s)Restricted Access No documents have been attached. Special Instructions No instructions have been specified. |
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Last Modified: 9/15/2023 2:05:45 PM
