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Environmental Policy, Spatial Spillovers and the Emergence of Economic Agglomerations AgEcon
Kyriakopoulou, Efthymia; Xepapadeas, Anastasios.
We explain the spatial concentration of economic activity, in a model of economic geography, when the cost of environmental policy - which is increasing in the concentration of emissions - and an immobile production factor act as centrifugal forces, while positive knowledge spillovers and iceberg transportation costs act as centripetal forces. We study the agglomeration effects caused by trade-offs between centripetal and centrifugal forces. The above effects govern firms’ location decisions and as a result, they define the distribution of economic activity across space. We derive the rational expectations equilibrium and the social optimum, compare the outcomes and characterize the optimal spatial policies.
Tipo: Working or Discussion Paper Palavras-chave: Agglomeration; Spatial Economics; Environmental Policy; Knowledge Spillovers; Transportation Cost; Environmental Economics and Policy; R3; Q5; H2.
Ano: 2009 URL: http://purl.umn.edu/54289
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At Home and Abroad: An Empirical Analysis of Innovation and Diffusion in Energy-Efficient Technologies AgEcon
Verdolini, Elena; Galeotti, Marzio.
This paper contributes to the induced innovation literature by extending the analysis of supply and demand determinants of innovation in energy-efficient technologies to account for international knowledge flows and spillovers. In the first part of the paper we select a sample of 38 innovating countries and we study how knowledge related to energy-efficient technologies flows across geographical and technological space. We demonstrate that higher geographical and technological distances are associated with a lower probability of knowledge flow. In the second part of the paper, we use our previous estimates to construct stocks of internal and external knowledge for a panel of 17 countries and present an econometric analysis of the supply and demand...
Tipo: Working or Discussion Paper Palavras-chave: Innovation; Technology Diffusion; Knowledge Spillovers; Energy-Efficient Technologies; Resource /Energy Economics and Policy; O33; Q55; C13.
Ano: 2009 URL: http://purl.umn.edu/56216
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