Simulating Long-Run Technical Change
نویسنده
چکیده
There is considerable, if not conclusive, scientific evidence that the atmospheric accumulation of carbon dioxide, methane, and other "greenhouse" gases emitted through the combustion of fossil fuels will lead to major changes in the earth's climate, with important economic effects. The nations of the world have agreed at the Kyoto Conference in 1997 to put in place some system of economic incentives to control the emission of greenhouse gases.
منابع مشابه
Labor- and Capital-augmenting Technical Change
I analyze an economy in which firms can undertake both laborand capital-augmenting technological improvements. In the long run, the economy resembles the standard growth model with purely labor-augmenting technical change, and the share of labor in GDP is constant. Along the transition path, however, there is capital-augmenting technical change and factor shares change. Tax policy and changes i...
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