Directed Technical Change in Labor and Environmental Economics

Hémous, David and Morten Olsen
Authors registered in the RePEc Author Service: David Hemous

No 15730, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: It is increasingly evident that the direction of technological responds to economic incentives. We review the literature on directed technical change in the context of environmental economics and labor economics, and show that these fields have much in common both theoretically and empirically. We emphasize the importance of a balanced growth path. We show that the lack of such a path is closely related to the slow development of green technologies in environmental economics and growing inequality in labor economics. We discuss whether the direction of innovation is efficient.

Keywords: Endogenous growth; Automation; Dtc; Climate change; Income inequality (search for similar items in EconPapers)
JEL-codes: E25 J24 O31 O33 O41 O44 Q55 (search for similar items in EconPapers)
Date: 2021-01
New Economics Papers: this item is included in nep-ene, nep-env and nep-gro
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

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Journal Article: Directed Technical Change in Labor and Environmental Economics (2021)
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