Study of government policies for promotion of green technology in the framework of real business cycle model

Stepanova Elena
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Stepanova Elena: Santa Anna School of Advanced Studies, Pisa, Italy

Review of Business and Economics Studies, 2013, issue 1, 19-31

Abstract: This paper analyzes possible impact of government reduction in market entry costs for firms that are using green technologies. Government may promote use of green technologies by facilitating market entry for such companies. Or government may impose restrictions to enter the market if firms are not using the green technology, which will result in increase of sunk costs of entering the market. We study cases of reduction and increase in market entry costs using Real Business Cycle model (RBC) with endogenous entry and different forms of market competition. We compare impact from supply shock in the form of reduction (or increase) in entry costs to standard form of supply shock, i. e. improvement in technology.

Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:scn:031730:14460882

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