Carbon Taxes, Path Dependency and Directed Technical Change: Evidence from the Auto Industry
Philippe Aghion,
John van Reenen,
Ralf Martin,
Hémous, David and
Antoine Dechezleprêtre
Authors registered in the RePEc Author Service: David Hemous and
Antoine Dechezleprêtre
No 9267, CEPR Discussion Papers from C.E.P.R. Discussion Papers
Abstract:
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 and hybrid) patents across 80 countries over several decades. We show that firms tend to innovate relatively more in clean technologies when they face higher tax-inclusive fuel prices. Furthermore, there is path dependence in the type of innovation both from aggregate spillovers and from the firm's own innovation history. Using our model we simulate the increases in carbon taxes needed to allow clean to overtake dirty technologies.
Keywords: Automobiles; Climate change; Directed technical change; Innovation (search for similar items in EconPapers)
JEL-codes: L62 O13 O3 (search for similar items in EconPapers)
Date: 2012-12
New Economics Papers: this item is included in nep-ene, nep-env, nep-ino and nep-res
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (75)
Downloads: (external link)
https://cepr.org/publications/DP9267 (application/pdf)
CEPR Discussion Papers are free to download for our researchers, subscribers and members. If you fall into one of these categories but have trouble downloading our papers, please contact us at subscribers@cepr.org
Related works:
Journal Article: Carbon Taxes, Path Dependency, and Directed Technical Change: Evidence from the Auto Industry (2016) 
Working Paper: Carbon taxes, path dependency and directed technical change: evidence from the auto industry (2016)
Working Paper: Carbon Taxes, Path Dependency, and Directed Technical Change: Evidence from the Auto Industry (2016)
Working Paper: Carbon Taxes, Path Dependency, and Directed Technical Change: Evidence from the Auto Industry (2016)
Working Paper: Carbon Taxes, Path Dependency, and Directed Technical Change: Evidence from the Auto Industry (2016)
Working Paper: Carbon Taxes, Path Dependency and Directed Technical Change: Evidence from the Auto Industry (2012)
Working Paper: Carbon Taxes, Path Dependency and Directed Technical Change: Evidence from the Auto Industry (2012)
Working Paper: Carbon taxes, path dependency and directed technical change: evidence from the auto industry (2012)
Working Paper: Carbon Taxes, Path Dependency and Directed Technical Change: Evidence from the Auto Industry (2012)
Working Paper: Carbon Taxes, Path Dependency and Directed Technical Change: Evidence from the Auto Industry (2012)
Working Paper: Carbon Taxes, Path Dependency and Directed Technical Change: Evidence from the Auto Industry (2012)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:cpr:ceprdp:9267
Ordering information: This working paper can be ordered from
https://cepr.org/publications/DP9267
Access Statistics for this paper
More papers in CEPR Discussion Papers from C.E.P.R. Discussion Papers Centre for Economic Policy Research, 33 Great Sutton Street, London EC1V 0DX.
Bibliographic data for series maintained by ().