publication . Article . Research . Preprint . 2012

Human Capital, Innovation, and Climate Policy: An Integrated Assessment

Carraro, Carlo; De Cian, Enrica; Tavoni, Massimo;
Open Access
  • Published: 01 Mar 2012
  • Publisher: Milano: Fondazione Eni Enrico Mattei (FEEM)
Abstract
This paper looks at the interplay between human capital and innovation in the presence of climate and educational policies. Using recent empirical estimates, human capital and general purpose R&D are introduced in an integrated assessment model that has been extensively applied to study the climate change mitigation. Our results suggest that climate policy stimulates general purpose as well as clean energy R&D but reduces the incentive to invest in human capital formation. Human capital increases the productivity of labour and the complementarity between labour and energy drives its pollution-using effect (direct effect). When human capital is an essential input...
Subjects
free text keywords: Innovation, Human capital, Climate Policy, Climate Policy, Innovation, Human capital, O41, O33, Climate Policy; Innovation; Human capital, Q43, Climate policy; Human capital; Innovation; 2300, Climate Policy; Human Capital; Innovation; Sustainable Development, ddc:330, jel:O41, jel:Q43, jel:O33
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publication . Article . Research . Preprint . 2012

Human Capital, Innovation, and Climate Policy: An Integrated Assessment

Carraro, Carlo; De Cian, Enrica; Tavoni, Massimo;