Environment and Directed Technical Change, The

Innovation and Economic Growth

Article Snapshot

Author(s)

Daron Acemoglu, Philippe Aghion, Leonardo Bursztyn and David Hemous

Source

TNIT Conference Paper, 2009

Summary

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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About the Authors

TAP Academic

Daron Acemoglu

Institute Professor

Department of Economics

Massachusetts Institute of Technology

50 Memorial Dr., E52-446
Cambridge, MA 02142-1347

Phone: (617) 253-1927

daron@mit.edu

Philippe Aghion

Robert C. Waggoner Professor of Economics 

Department of Economics

Harvard University

Littauer Center 222
Cambridge, MA 02138

Phone: (617) 495-6675

Leonardo Bursztyn

 

Department of Economics

Harvard University

Littauer Center
Cambridge, MA 02138

Phone: (617) 888-0842

David Hemous

 

Department of Economics

Harvard University

Littauer Center
Cambridge, MA 02138

Phone: (617) 495-1000