Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.ecolecon.2018.07.008 |
Directed Technological Change in a Post-Keynesian Ecological Macromodel | |
Naqvi, Asjad1,2; Stockhammer, Engelbert3 | |
2018-12-01 | |
发表期刊 | ECOLOGICAL ECONOMICS
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ISSN | 0921-8009 |
EISSN | 1873-6106 |
出版年 | 2018 |
卷号 | 154页码:168-188 |
文章类型 | Article |
语种 | 英语 |
国家 | Austria; England |
英文摘要 | 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. |
英文关键词 | Directed technological change Research and development Post-Keynesian economics Stock-flow consistent model Environmental policies |
领域 | 资源环境 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000446282700016 |
WOS关键词 | RESEARCH-AND-DEVELOPMENT ; CONSISTENT MACROECONOMIC MODELS ; ENDOGENOUS TECHNICAL CHANGE ; CLIMATE POLICY-ANALYSIS ; ECONOMIC-GROWTH ; ENVIRONMENTAL-POLICY ; SUBSTITUTION FRAMEWORK ; CONSTANT ELASTICITY ; INCOME-DISTRIBUTION ; FIRM PROFITABILITY |
WOS类目 | Ecology ; Economics ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Environmental Sciences & Ecology ; Business & Economics |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/15605 |
专题 | 资源环境科学 |
作者单位 | 1.Vienna Univ Econ & Business, Inst Ecol Econ, Vienna, Austria; 2.Int Inst Appl Syst Anal, Laxenburg, Austria; 3.Kings Coll London, London, England |
推荐引用方式 GB/T 7714 | Naqvi, Asjad,Stockhammer, Engelbert. Directed Technological Change in a Post-Keynesian Ecological Macromodel[J]. ECOLOGICAL ECONOMICS,2018,154:168-188. |
APA | Naqvi, Asjad,&Stockhammer, Engelbert.(2018).Directed Technological Change in a Post-Keynesian Ecological Macromodel.ECOLOGICAL ECONOMICS,154,168-188. |
MLA | Naqvi, Asjad,et al."Directed Technological Change in a Post-Keynesian Ecological Macromodel".ECOLOGICAL ECONOMICS 154(2018):168-188. |
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