Publication:
"Green Stimulus," Economic Recovery, and Long-Term Sustainable Development

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dc.contributor.authorToman, Michael
dc.contributor.authorStrand, Jon
dc.date.accessioned2014-09-02T21:48:17Z
dc.date.available2014-09-02T21:48:17Z
dc.date.issued2010-01
dc.description.abstractThis paper discusses short-run and long-run effects of "green stimulus" efforts, and compares these effects with "non-green" fiscal stimuli. Green stimulus is defined here as short-run fiscal stimuli that also serve a "green" or environmental purpose in a situation of "crisis" characterized by temporary under-employment. A number of recently enacted national stimulus packages contain sizeable "green" components. The authors categorize effects according to their a) short-run employment effects, b) long-run growth effects, c) effects on carbon emissions, and d) "co-benefit" effects (on the environment, natural resources, and for other externalities). The most beneficial "green" programs in times of crisis are those that can stimulate employment in the short run, and lead to large "learning curve" effects via lower production costs in the longer term. The overall assessment is that most "green stimulus" programs that have large short-run employment and environmental effects are likely to have less significant positive effects for long-run growth, and vice versa, implying a trade-off in many cases between short-run and long-run impacts. There are also trade-offs for employment generation in that programs that yield larger (smaller) employment effects tend to lead to more employment gains for largely lower-skilled (higher-skilled) workers, so that the long-term growth effects are relatively small (large). Ultimately, the results reinforce the point that different instruments are needed for addressing different problems.en
dc.identifierhttp://documents.worldbank.org/curated/en/2010/01/11598837/green-stimulus-economic-recovery-long-term-sustainable-development
dc.identifier.doi10.1596/1813-9450-5163
dc.identifier.urihttps://hdl.handle.net/10986/19956
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 5163
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectABSORPTION
dc.subjectACCESS TO ELECTRICITY
dc.subjectAGGREGATE DEMAND
dc.subjectAIR
dc.subjectAIR POLLUTION
dc.subjectALTERNATIVE POLICIES
dc.subjectAVAILABILITY
dc.subjectBALANCE
dc.subjectBARRIERS TO ENERGY EFFICIENCY
dc.subjectBIO-ENERGY
dc.subjectBIODIVERSITY CONSERVATION
dc.subjectBIOLOGICAL CARBON SEQUESTRATION
dc.subjectBIOLOGICAL SPECIES
dc.subjectBIOMASS
dc.subjectBIOMASS PROCESSING
dc.subjectBIOMASS PRODUCTION
dc.subjectBOTTOM LINE
dc.subjectCAPITAL COST
dc.subjectCAPITAL SERVICES
dc.subjectCARBON
dc.subjectCARBON DIOXIDE
dc.subjectCARBON DIOXIDE EMISSIONS
dc.subjectCARBON EMISSION
dc.subjectCARBON EMISSIONS
dc.subjectCARBON SEQUESTRATION
dc.subjectCHANGES IN PRICES
dc.subjectCLEAN ENERGY
dc.subjectCLEAN ENERGY INDUSTRY
dc.subjectCLEAN WATER
dc.subjectCLIMATE
dc.subjectCLIMATE CHANGE
dc.subjectCLIMATE CHANGE MITIGATION
dc.subjectCLIMATE POLICY
dc.subjectCO
dc.subjectCO2
dc.subjectCOAL
dc.subjectCONSUMPTION PATTERNS
dc.subjectCONVENTIONAL ENERGY
dc.subjectCOST EFFECTIVENESS
dc.subjectCOST OF ENERGY
dc.subjectCOST SAVINGS
dc.subjectDEBT
dc.subjectDEBT BURDEN
dc.subjectDEFORESTATION
dc.subjectDEMAND MANAGEMENT
dc.subjectDEVELOPED COUNTRIES
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC BENEFITS
dc.subjectECONOMIC EFFECTS
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC IMPACTS
dc.subjectECONOMIC RECOVERY
dc.subjectECONOMIC RESILIENCE
dc.subjectECONOMIC RESILIENCE TO CLIMATE CHANGE
dc.subjectECONOMIC SUSTAINABILITY
dc.subjectECONOMIC THEORY
dc.subjectECONOMIC VALUE
dc.subjectECONOMICS
dc.subjectECONOMIES OF SCALE
dc.subjectEFFECTIVE DEMAND
dc.subjectELECTRIC POWER
dc.subjectELECTRICITY
dc.subjectELECTRICITY CONSUMPTION
dc.subjectELECTRICITY GENERATION
dc.subjectELECTRICITY PRICES
dc.subjectELECTRICITY PRODUCTION
dc.subjectEMISSION
dc.subjectEMISSION GROWTH
dc.subjectEMISSION REDUCTION
dc.subjectEMISSIONS REDUCTION
dc.subjectEMISSIONS REDUCTIONS
dc.subjectEMPIRICAL EVIDENCE
dc.subjectENERGY CONSERVATION
dc.subjectENERGY CONSUMPTION
dc.subjectENERGY COSTS
dc.subjectENERGY DEMAND
dc.subjectENERGY EFFICIENCY
dc.subjectENERGY EFFICIENCY IMPROVEMENTS
dc.subjectENERGY EFFICIENCY INVESTMENTS
dc.subjectENERGY EFFICIENCY MEASURES
dc.subjectENERGY EXPENDITURE
dc.subjectENERGY OUTLOOK
dc.subjectENERGY PRICE
dc.subjectENERGY SECURITY
dc.subjectENERGY SOURCES
dc.subjectENERGY SUBSIDIES
dc.subjectENERGY SUPPLY
dc.subjectENERGY USE
dc.subjectENVIRONMENTAL
dc.subjectENVIRONMENTAL BENEFITS
dc.subjectENVIRONMENTAL CLEANUP
dc.subjectENVIRONMENTAL IMPACTS
dc.subjectENVIRONMENTAL MANAGEMENT
dc.subjectENVIRONMENTAL POLICIES
dc.subjectENVIRONMENTAL POLICY
dc.subjectENVIRONMENTAL PROTECTION
dc.subjectENVIRONMENTAL QUALITY
dc.subjectENVIRONMENTAL REGULATION
dc.subjectENVIRONMENTAL TAXES
dc.subjectEXPENDITURES
dc.subjectEXPLOITATION
dc.subjectEXTERNALITIES
dc.subjectFEASIBILITY
dc.subjectFINANCIAL SUPPORT
dc.subjectFISCAL POLICIES
dc.subjectFOREST
dc.subjectFOREST COVER
dc.subjectFOREST EXTRACTION
dc.subjectFOREST RESTORATION
dc.subjectFORESTRY
dc.subjectFORESTS
dc.subjectFOSSIL
dc.subjectFOSSIL ENERGY
dc.subjectFOSSIL FUELS
dc.subjectFUEL
dc.subjectFUEL CONSUMPTION
dc.subjectFUEL PRICES
dc.subjectFUEL USE
dc.subjectGASES
dc.subjectGHG
dc.subjectGHGS
dc.subjectGLOBAL RECESSION
dc.subjectGOVERNMENT EXPENDITURES
dc.subjectGREEN ENERGY
dc.subjectGREENHOUSE
dc.subjectGREENHOUSE GAS
dc.subjectGREENHOUSE GAS MITIGATION
dc.subjectGRID EXPANSION
dc.subjectHEAT
dc.subjectHIGHER ENERGY PRICES
dc.subjectHYDRO POWER
dc.subjectHYDROPOWER
dc.subjectIMPACTS ON EMISSIONS
dc.subjectIMPORTS
dc.subjectIMPROVING ENERGY EFFICIENCY
dc.subjectINCOME
dc.subjectINDUSTRIAL POLLUTION
dc.subjectINFRASTRUCTURE INVESTMENT
dc.subjectJOBS
dc.subjectLABOR COSTS
dc.subjectLABOR FORCE
dc.subjectLABOR PRODUCTIVITY
dc.subjectLAND USE
dc.subjectLANDFILL
dc.subjectLEVELS OF EMISSIONS
dc.subjectLOGGING
dc.subjectLOW-CARBON
dc.subjectMARKET BARRIERS
dc.subjectMARKET FAILURES
dc.subjectMARKET PRICES
dc.subjectMETHANE
dc.subjectMETHANE EMISSIONS
dc.subjectMOTOR FUEL
dc.subjectNATURAL RESOURCES
dc.subjectNEGATIVE IMPACTS
dc.subjectOIL
dc.subjectPOLICY ENVIRONMENT
dc.subjectPOLICY INSTRUMENTS
dc.subjectPOLITICAL ECONOMY
dc.subjectPOLLUTION
dc.subjectPOLLUTION CONTROL
dc.subjectPOLLUTION CONTROL SYSTEM
dc.subjectPOLLUTION REDUCTION
dc.subjectPOWER
dc.subjectPOWER GENERATION
dc.subjectPOWER GRID
dc.subjectPOWER GRIDS
dc.subjectPOWER PLANTS
dc.subjectPOWER PRODUCERS
dc.subjectPP
dc.subjectPRODUCERS
dc.subjectPRODUCTION COSTS
dc.subjectPRODUCTION OF ELECTRICITY
dc.subjectPRODUCTION PROCESSES
dc.subjectPUBLIC EXPENDITURES
dc.subjectR&D FUNDING
dc.subjectRAIN
dc.subjectRECYCLING
dc.subjectRENEWABLE ELECTRICITY
dc.subjectRENEWABLE ENERGIES
dc.subjectRENEWABLE ENERGY
dc.subjectRENEWABLE ENERGY POLICY
dc.subjectRENEWABLE ENERGY PRODUCTION
dc.subjectRENEWABLE ENERGY PROJECTS
dc.subjectRENEWABLE ENERGY SOURCE
dc.subjectRENEWABLE ENERGY SOURCES
dc.subjectRENEWABLE PRODUCTION
dc.subjectRENEWABLE RESOURCES
dc.subjectRENEWABLE TECHNOLOGIES
dc.subjectRESOURCE ALLOCATION
dc.subjectRESOURCE MANAGEMENT
dc.subjectRURAL ELECTRIFICATION
dc.subjectSHADOW PRICES
dc.subjectSOLAR ELECTRICITY
dc.subjectSPILLOVER EFFECTS
dc.subjectSUBSISTENCE FARMERS
dc.subjectSUBSTITUTION
dc.subjectSUSTAINABLE DEVELOPMENT
dc.subjectSUSTAINABLE ENERGY
dc.subjectSUSTAINABLE WATER
dc.subjectTARIFF STRUCTURE
dc.subjectTAX CREDIT
dc.subjectTAX INCENTIVES
dc.subjectTERMS OF TRADE
dc.subjectTHERMAL EFFICIENCY
dc.subjectTIMBER
dc.subjectTIMBER PRICES
dc.subjectTRADEOFFS
dc.subjectTRANSPORT SECTOR
dc.subjectTURBINE MANUFACTURERS
dc.subjectUNEMPLOYMENT
dc.subjectUNEP
dc.subjectUTILITIES
dc.subjectVEHICLES
dc.subjectWAGE RATES
dc.subjectWASTE MANAGEMENT
dc.subjectWATER TREATMENT
dc.subjectWIND
dc.subjectWIND ENERGY
dc.subjectWIND POWER
dc.subjectWIND SECTOR
dc.subjectWIND TURBINE
dc.title"Green Stimulus," Economic Recovery, and Long-Term Sustainable Developmenten
dspace.entity.typePublication
okr.crosscuttingsolutionareaClimate Change
okr.crossref.title"Green Stimulus," Economic Recovery, And Long-Term Sustainable Development
okr.date.disclosure2010-01-31
okr.date.doiregistration2025-04-10T11:58:34.311151Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2010/01/11598837/green-stimulus-economic-recovery-long-term-sustainable-development
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeTransport and ICT
okr.globalpracticeEnvironment and Natural Resources
okr.globalpracticeEnergy and Extractives
okr.guid141301468330955009
okr.identifier.doi10.1596/1813-9450-5163
okr.identifier.externaldocumentum000158349_20100104121602
okr.identifier.internaldocumentum11598837
okr.identifier.reportWPS5163
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2010/01/04/000158349_20100104121602/Rendered/PDF/WPS5163.pdfen
okr.topicEnvironment::Climate Change Mitigation and Green House Gases
okr.topicMacroeconomics and Economic Growth::Climate Change Economics
okr.topicTransport Economics Policy and Planning
okr.topicEnvironmental Economics and Policies
okr.topicEnergy::Energy Production and Transportation
okr.topicTransport
okr.unitEnvironment and Energy Team, Development Research Group
relation.isAuthorOfPublicationc9d5219c-9076-5386-b0d2-03bab820c61d
relation.isAuthorOfPublication.latestForDiscoveryc9d5219c-9076-5386-b0d2-03bab820c61d
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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