Environmental Policy and Technological Change |
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Authors: | Adam B Jaffe Richard G Newell Robert N Stavins |
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Institution: | (1) Department of Economics, Brandeis University and National Bureau of Economic Research, USA;(2) Resources for the Future, USA;(3) John F. Kennedy School of Government, Harvard University and Resources for the Future, USA |
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Abstract: | The relationship between technological changeand environmental policy has receivedincreasing attention from scholars and policymakers
alike over the past ten years. This ispartly because the environmental impacts ofsocial activity are significantly affected
bytechnological change, and partly becauseenvironmental policy interventions themselvescreate new constraints and incentives
thataffect the process of technologicaldevelopments. Our central purpose in thisarticle is to provide environmental economistswith
a useful guide to research ontechnological change and the analytical toolsthat can be used to explore further theinteraction
between technology and theenvironment. In Part 1 of the article, weprovide an overview of analytical frameworksfor investigating
the economics oftechnological change, highlighting key issuesfor the researcher. In Part 2, we turn ourattention to theoretical
analysis of theeffects of environmental policy ontechnological change, and in Part 3, we focuson issues related to the empirical
analysis oftechnology innovation and diffusion. Finally,we conclude in Part 4 with some additionalsuggestions for research. |
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Keywords: | diffusion environmental policy innovation invention technological change |
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