Environment and Directed Technical Change, The

Innovation and Economic Growth

Article Snapshot


Daron Acemoglu, Philippe Aghion, Leonardo Bursztyn and David Hemous


TNIT Conference Paper, 2009


This paper asks how policies encouraging clean machines to protect the environment will affect long-term growth.

Policy Relevance

Taxes and subsidies can be used to direct technological change without harming growth when different technologies are substitutes for one another.

Main Points

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