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来源类型 | Article |
规范类型 | 其他 |
DOI | 10.1016/j.ecolecon.2018.07.008 |
Directed Technological Change in a Post-Keynesian Ecological Macromodel. | |
Stockhammer E | |
发表日期 | 2018 |
出处 | Ecological Economics 154: 168-188 |
出版年 | 2018 |
语种 | 英语 |
摘要 | This paper presents a post-Keynesian ecological macromodel, which is stock-flow consistent, and incorporates directed technological change. Private and public R&D spending across three competing, yet complementary inputs – Labor, Capital, and Resources – follow a portfolio allocation decision, where inputs with relatively higher growth in costs, see higher R&D investment and productivity gains. Two policy experiments are reported; a market-based Resource tax increase, and a centralized green policy, where public R&D budget is shifted towards Resource-saving technologies. We highlight that in the presence of labor market institutions, which give rise to hysteresis, and limited R&D budgets, a policy of continuous Resource tax growth is needed to induce Resource-saving technological change to achieve a greener economy. This needs to be coupled with planned government spending adjustment to spur demand and boost investment. The findings also suggest that a mix of market-based and centralized policies may be optimal. |
主题 | Advanced Systems Analysis (ASA) ; Risk & ; Resilience (RISK) |
关键词 | Directed technological change Research and development Post-Keynesian economics Stock-flow consistent model Environmental policies |
URL | http://pure.iiasa.ac.at/id/eprint/15439/ |
来源智库 | International Institute for Applied Systems Analysis (Austria) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/131523 |
推荐引用方式 GB/T 7714 | Stockhammer E. Directed Technological Change in a Post-Keynesian Ecological Macromodel.. 2018. |
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