NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Carbon Taxes, Path Dependency and Directed Technical Change: Evidence from the Auto Industry

Philippe Aghion, Antoine Dechezleprêtre, David Hemous, Ralf Martin, John Van Reenen

NBER Working Paper No. 18596
Issued in December 2012

---- Acknowledgements -----

We would like to thank Daron Acemoglu, Robin Burgess, Michael Greenstone, John Hassler, Ken Judd, Rebecca Henderson, Per Krusell, Ed Lazear, Torsten Persson, Estaban Rossi-Hansberg, Nick Stern and Scott Stern for many helpful comments. Participants at seminars in the AEA, Arizona, Birmingham, Cambridge, CIAR, Imperial, INSEAD, LSE, Manchester, Mannheim, NBER, Paris, Stanford, Stirling, Stockholm and Venice have all improved the paper. Financial support has come from the British Academy and the ESRC through the Centre for Economic Performance and the Centre for Climate Change Economics and Policy. Antoine Dechezleprêtre gratefully acknowledges the support of the ESRC under the ESRC Postdoctoral Fellowship Scheme (award no: PTA-026-27- 2756). The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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