GSTDTAP  > 资源环境科学
DOI10.1016/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
ISSN0921-8009
EISSN1873-6106
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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