Review

Directed Technical Change for Green Economy: The Role of Innovation and Technology Spillovers

Volume: 9 Number: 1 February 25, 2025
TR EN

Directed Technical Change for Green Economy: The Role of Innovation and Technology Spillovers

Abstract

This paper reviews the models of directed technical change in the environmental context, both theoretically and empirically, with a specific emphasis on cross-sector technology spillovers. It is well-established that the direction of technological change is not uniform across production factors and does not progress neutrally. The objective is to assess whether empirical literature aligns with the theoretical insights of the model. Also, we aim to determine whether cross-sector technology spillovers impact the direction of innovations through changes in relative productivity levels during the transition process to a low-carbon economy. Our review suggests that the empirical literature is mainly expanding with research on energy types, cost, and efficiency measures and directed innovations in clean technologies are responsive to environmental policy. A limited number of studies reveal the significant impact of spillovers in directed technical change models, contributing to the advancement of clean energy and the fight against climate change. Overall, the interplay between cross-sector technology spillovers and environmental policies promoting green innovation may provide valuable insights into efforts to fight against climate change.

Keywords

References

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Details

Primary Language

English

Subjects

Environmental Economy, Natural Resources Economy, Environment Policy

Journal Section

Review

Publication Date

February 25, 2025

Submission Date

July 4, 2024

Acceptance Date

August 25, 2024

Published in Issue

Year 2025 Volume: 9 Number: 1

APA
Çayır, B. (2025). Directed Technical Change for Green Economy: The Role of Innovation and Technology Spillovers. Fiscaoeconomia, 9(1), 53-70. https://doi.org/10.25295/fsecon.1510317
AMA
1.Çayır B. Directed Technical Change for Green Economy: The Role of Innovation and Technology Spillovers. FSECON. 2025;9(1):53-70. doi:10.25295/fsecon.1510317
Chicago
Çayır, Bilal. 2025. “Directed Technical Change for Green Economy: The Role of Innovation and Technology Spillovers”. Fiscaoeconomia 9 (1): 53-70. https://doi.org/10.25295/fsecon.1510317.
EndNote
Çayır B (February 1, 2025) Directed Technical Change for Green Economy: The Role of Innovation and Technology Spillovers. Fiscaoeconomia 9 1 53–70.
IEEE
[1]B. Çayır, “Directed Technical Change for Green Economy: The Role of Innovation and Technology Spillovers”, FSECON, vol. 9, no. 1, pp. 53–70, Feb. 2025, doi: 10.25295/fsecon.1510317.
ISNAD
Çayır, Bilal. “Directed Technical Change for Green Economy: The Role of Innovation and Technology Spillovers”. Fiscaoeconomia 9/1 (February 1, 2025): 53-70. https://doi.org/10.25295/fsecon.1510317.
JAMA
1.Çayır B. Directed Technical Change for Green Economy: The Role of Innovation and Technology Spillovers. FSECON. 2025;9:53–70.
MLA
Çayır, Bilal. “Directed Technical Change for Green Economy: The Role of Innovation and Technology Spillovers”. Fiscaoeconomia, vol. 9, no. 1, Feb. 2025, pp. 53-70, doi:10.25295/fsecon.1510317.
Vancouver
1.Bilal Çayır. Directed Technical Change for Green Economy: The Role of Innovation and Technology Spillovers. FSECON. 2025 Feb. 1;9(1):53-70. doi:10.25295/fsecon.1510317
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