SUBSTITUTION BETWEEN CLEAN AND DIRTY ENERGY WITH BIASED TECHNICAL CHANGE

IF 1.5 3区 经济学 Q2 ECONOMICS
Ara Jo
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Abstract

The elasticity of substitution between clean and dirty energy lies at the center of leading economic analyses of climate policy. Despite the importance, empirical assessments of this key parameter remain scarce. This article estimates the clean-dirty elasticity of substitution using data on French manufacturing firms. Using the elasticity estimates, I then measure the bias in technical change at the firm level and find that technical change was largely biased toward dirty energy, despite a recent shift toward clean technologies. Finally, I recover the aggregate elasticity that combines substitution within firms and reallocation across firms from the micro elasticity estimates.

Abstract Image

用有偏差的技术变革来替代清洁能源和污染能源
清洁能源和污染能源之间的替代弹性是气候政策主要经济分析的核心。尽管很重要,但对这一关键参数的实证评估仍然很少。本文利用法国制造业企业的数据估计了清洁-肮脏替代弹性。利用弹性估计,我在公司层面测量了技术变革的偏差,发现技术变革很大程度上偏向于肮脏能源,尽管最近转向清洁技术。最后,我从微观弹性估计中恢复了结合企业内部替代和企业之间再配置的总弹性。
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来源期刊
CiteScore
2.60
自引率
0.00%
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0
期刊介绍: The International Economic Review was established in 1960 to provide a forum for modern quantitative economics. From its inception, the journal has tried to stimulate economic research around the world by publishing cutting edge papers in many areas of economics, including econometrics, economic theory, macro, and applied economics.
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