Can technological innovation help China take on its climate responsibility? An intertemporal general equilibrium analysis
This paper examines the effectiveness of China's indigenous R&D and technological innovation to curb its carbon emissions. The mechanism of endogenous technical change (TC) is incorporated an intertemporal computable general equilibrium (CGE) model. R&D investments and knowledge creations are modeled as the endogenous behaviors of private firms. The accumulated stocks of knowledge are applied in the production process to affect the rate and bias of TC. Simulation results show that: (1) while...[Show more]
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