Innovation, growth, and structural change in a decarbonizing economy: a tale of two sectors.
Decarbonization can affect growth and cause structural change because some energy-related inputs have been easier to decarbonize than others, and energy use is more significant in certain sectors. This article examines these effects through a two-sector growth model with two energy-related inputs an...
| Publicado en: | Oxford Economic Papers Vol. 78; no. 2; pp. 350 - 373 |
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| Formato: | Artículo |
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Oxford University Press / USA
Apr2026
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=194211910&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 194211910 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00307653 OXE jtl: Oxford Economic Papers issn: 00307653 maglogo: N pubinfo: dt: Apr2026 vid: 78 iid: 2 pid: 622 pub: Oxford University Press / USA artinfo: ui: 194211910 10.1093/oep/gpaf034 ppf: 350 ppct: 23 formats: tig: atl: Innovation, growth, and structural change in a decarbonizing economy: a tale of two sectors. aug: au: Fries, Steven affil: Institute for New Economic Thinking at the Oxford Martin School, University of Oxford, Manor Road Building, Manor Road, Oxford OX1 3UQ, United KingdomOxford Net Zero, University of Oxford, Wellington Square, Oxford OX1 2JD, United Kingdom su: United Kingdom Technological innovations Economic expansion Economic development Applied sciences Renewable energy sources Green technology Carbon dioxide mitigation sug: subj: Technological innovations Economic expansion Economic development United Kingdom Applied sciences Renewable energy sources Green technology Carbon dioxide mitigation keyword: climate policy copyrightHolder:Oxford University Press copyrightYear:2026 energy and growth inLanguage:en innovation policy low carbon growth O33 O41 O44 publisher:Oxford University Press Q43 Q54 Q58 sameAs:https://dx.doi.org/10.1093/oep/gpaf034 structural change technological change climate policy copyrightHolder:Oxford University Press copyrightYear:2026 energy and growth inLanguage:en innovation policy low carbon growth O33 O41 O44 publisher:Oxford University Press Q43 Q54 Q58 sameAs:https://dx.doi.org/10.1093/oep/gpaf034 structural change technological change ab: Decarbonization can affect growth and cause structural change because some energy-related inputs have been easier to decarbonize than others, and energy use is more significant in certain sectors. This article examines these effects through a two-sector growth model with two energy-related inputs and two final goods. These inputs are produced using fossil and low-carbon capital stocks, which vary in their substitutability and use in producing final goods. A decarbonization policy encourages low-carbon inputs and directs R&D towards technology fields that are easier to decarbonize through innovation. Model calibration to the UK economy illustrates its dynamics. While much of the economy can be readily decarbonized through innovation and innovation policy, some sectors such as heavy industry face greater technological and policy challenges. These sectors would benefit from more targeted R&D support to overcome path dependencies in low-carbon innovation, enabling their decarbonization and growth to progress hand in hand. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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