Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
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Daily Overview |
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Climate Policy, Innovation and Growth Location: B127 Session Chair: Julien Dubois, Ecole Polytechnique, Institut Polytechnique de Paris | |
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How does climate policy affect productivity? University of Bath, United Kingdom How is productivity affected by increasing energy prices? To answer this question we exploit a comprehensive firm dataset comprising nearly all French manufacturing firms. We find differential productivity growth biased towards energy. This finding informs our modelling strategy in the second step where we introduce factor specific productivity growth into a scale invariant growth model with endogenous market structure. Due to a continuum of steady states, the level of the equilibrium growth path is affected by energy taxes and the initial technology mix. Differential growth of factor-specific productivities offers a complementary perspective for understanding sluggish labour productivity growth. | |