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Carbon Taxes, Path Dependency, and Directed Technical Change: Evidence from the Auto Industry

Author

Listed:
  • Philippe Aghion

    (PSE - Paris-Jourdan Sciences Economiques - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - INRA - Institut National de la Recherche Agronomique - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique, PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement, CIFAR - Canadian Institute for Advanced Research, Department of Economics, Harvard University, Collège de France - Chaire Economie des institutions, de l'innovation et de la croissance - CdF (institution) - Collège de France)

  • Antoine Dechezleprêtre

    (CEP - LSE - Centre for Economic Performance - LSE - London School of Economics and Political Science, Grantham Research Institute on Climate Change and the Environment - LSE - London School of Economics and Political Science)

  • David Hémous

    (INSEAD - Institut Européen d'administration des Affaires)

  • Ralf Martin

    (Imperial College London, Grantham Research Institute on Climate Change and the Environment - LSE - London School of Economics and Political Science, CEP - LSE - Centre for Economic Performance - LSE - London School of Economics and Political Science)

  • John van Reenen

    (NBER - National Bureau of Economic Research [New York] - NBER - The National Bureau of Economic Research, CEP - LSE - Centre for Economic Performance - LSE - London School of Economics and Political Science)

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, 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.

Suggested Citation

  • Philippe Aghion & Antoine Dechezleprêtre & David Hémous & Ralf Martin & John van Reenen, 2016. "Carbon Taxes, Path Dependency, and Directed Technical Change: Evidence from the Auto Industry," Post-Print halshs-01496920, HAL.
    • Handle: RePEc:hal:journl:halshs-01496920
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    Keywords

    Carbon Taxes;

    JEL classification:

    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • L62 - Industrial Organization - - Industry Studies: Manufacturing - - - Automobiles; Other Transportation Equipment; Related Parts and Equipment

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