Green growth and structural change
Many advanced economies are experiencing relatively sluggish and jobless recoveries from the financial crisis, yet are operating in an increasingly carbon-constrained environment. In this context, what is the scope for green growth and jobs? How do emissions relate to employment and economic performance in sectors figuring prominently in the climate-policy debate? What size and direction of structural change in the economy will be necessary to bring about green growth under different assumptions about mitigation policies and about the macroeconomic environment? This project will study the joint evolution of carbon emissions, employment, investment and other aspects of structural change as the economy moves through the business cycle, with a primary focus on labour-market consequences in advanced economies. It will do so by combining quantitative econometric and macroeconomic simulation modelling with perspectives from economic history and business history.