TY  - GEN
AB  - Purpose of this paper is the self-contained description of the green technology
extension of the macroeconomic agent-based model Eurace@unibi. The
original model is extended in mainly five dimensions: (1) There are two types
of production technology, i.e. a green and a conventional. Technology is
embodied in capital goods and in the technological capabilities of firms. (2)
Employees are endowed with two types of evolving technology-specific skills
that are needed to work effectively with specific capital goods. (3) Based on
their technological capabilities and the market environment, consumption
goods (CG) firms decide whether to invest in green or conventional capital.
(4) An environmental accounting keeps track of the environmental impact of
CG sector. (5) A policy module allows to investigate the impact of different
diffusion policies. Main research areas covered by the model extension are
directed technological change, innovation diffusion and technology substitution
processes. A key feature of the model is endogenous, technology-specific
absorptive capacity of heterogeneous technology adopters that evolves through
learning. It is a comprehensive, macroeconomic model that allows to study
the macroeconomic and distributional consequences of transition processes.
The technical description of the model is complemented by a short summary
and discussion of technology transition dynamics in a baseline simulation.
DA  - 2019
DO  - 10.4119/unibi/2935928
LA  - eng
PY  - 2019
SN  - 2196-2723
SP  - 37-
TI  - Eurace@unibi-eco: A model of technology transitions. V1.1.  Model documentation
UR  - https://nbn-resolving.org/urn:nbn:de:0070-pub-29359288
Y2  - 2024-11-22T14:48:01
ER  -