Carbon Taxes, Path Dependency, and Directed Technical Change: Evidence from the Auto Industry
Carbon Taxes, Path Dependency, and Directed Technical Change: Evidence from the Auto Industry
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DOI:
10.1086/684581
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发表时间:
2012-12
影响因子:
8.2
通讯作者:
P. Aghion;Antoine Dechezleprêtre;David Hémous;Ralf Martin;J. Van Reenen
中科院分区:
文献类型:
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作者:
P. Aghion;Antoine Dechezleprêtre;David Hémous;Ralf Martin;J. Van Reenen
Can directed technical change be used to combat climate change? We construct new firm-level panel data on auto industry innovation distinguishing between “dirty” (internal combustion engine) and “clean” (e.g., electric, hybrid, and hydrogen) patents across 80 countries over several decades. We show that firms tend to innovate more in clean (and less in dirty) technologies when they face higher tax-inclusive fuel prices. Furthermore, there is path dependence in the type of innovation (clean/dirty) both from aggregate spillovers and from the firm’s own innovation history. We simulate the increases in carbon taxes needed to allow clean technologies to overtake dirty technologies.