Carbon Taxes, Path Dependency, and Directed Technical Change: Evidence from the Auto Industry
Research article by Philippe Aghion, Antoine Dechezleprêtre, David Hemous, Ralf Martin, John Van Reenen on 1 Feb 2016
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, … read more »