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

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collection.link.5
https://openknowledge.worldbank.org/handle/10986/9
collection.name.5
Policy Research Working Papers
dc.contributor.author
Strand, Jon
dc.contributor.author
Toman, Michael
dc.date.accessioned
2014-09-02T21:48:17Z
dc.date.available
2014-09-02T21:48:17Z
dc.date.issued
2010-01
dc.date.lastModified
2021-04-23T14:03:52Z
dc.description.abstract
This 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.identifier
http://documents.worldbank.org/curated/en/2010/01/11598837/green-stimulus-economic-recovery-long-term-sustainable-development
dc.identifier.uri
http://hdl.handle.net/10986/19956
dc.language
English
dc.language.iso
en_US
dc.publisher
World Bank, Washington, DC
dc.relation.ispartofseries
Policy Research Working Paper;No. 5163
dc.rights
CC BY 3.0 IGO
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
dc.subject
ABSORPTION
dc.subject
ACCESS TO ELECTRICITY
dc.subject
AGGREGATE DEMAND
dc.subject
AIR
dc.subject
AIR POLLUTION
dc.subject
ALTERNATIVE POLICIES
dc.subject
AVAILABILITY
dc.subject
BALANCE
dc.subject
BARRIERS TO ENERGY EFFICIENCY
dc.subject
BIO-ENERGY
dc.subject
BIODIVERSITY CONSERVATION
dc.subject
BIOLOGICAL CARBON SEQUESTRATION
dc.subject
BIOLOGICAL SPECIES
dc.subject
BIOMASS
dc.subject
BIOMASS PROCESSING
dc.subject
BIOMASS PRODUCTION
dc.subject
BOTTOM LINE
dc.subject
CAPITAL COST
dc.subject
CAPITAL SERVICES
dc.subject
CARBON
dc.subject
CARBON DIOXIDE
dc.subject
CARBON DIOXIDE EMISSIONS
dc.subject
CARBON EMISSION
dc.subject
CARBON EMISSIONS
dc.subject
CARBON SEQUESTRATION
dc.subject
CHANGES IN PRICES
dc.subject
CLEAN ENERGY
dc.subject
CLEAN ENERGY INDUSTRY
dc.subject
CLEAN WATER
dc.subject
CLIMATE
dc.subject
CLIMATE CHANGE
dc.subject
CLIMATE CHANGE MITIGATION
dc.subject
CLIMATE POLICY
dc.subject
CO
dc.subject
CO2
dc.subject
COAL
dc.subject
CONSUMPTION PATTERNS
dc.subject
CONVENTIONAL ENERGY
dc.subject
COST EFFECTIVENESS
dc.subject
COST OF ENERGY
dc.subject
COST SAVINGS
dc.subject
DEBT
dc.subject
DEBT BURDEN
dc.subject
DEFORESTATION
dc.subject
DEMAND MANAGEMENT
dc.subject
DEVELOPED COUNTRIES
dc.subject
ECONOMIC ACTIVITY
dc.subject
ECONOMIC BENEFITS
dc.subject
ECONOMIC EFFECTS
dc.subject
ECONOMIC GROWTH
dc.subject
ECONOMIC IMPACTS
dc.subject
ECONOMIC RECOVERY
dc.subject
ECONOMIC RESILIENCE
dc.subject
ECONOMIC RESILIENCE TO CLIMATE CHANGE
dc.subject
ECONOMIC SUSTAINABILITY
dc.subject
ECONOMIC THEORY
dc.subject
ECONOMIC VALUE
dc.subject
ECONOMICS
dc.subject
ECONOMIES OF SCALE
dc.subject
EFFECTIVE DEMAND
dc.subject
ELECTRIC POWER
dc.subject
ELECTRICITY
dc.subject
ELECTRICITY CONSUMPTION
dc.subject
ELECTRICITY GENERATION
dc.subject
ELECTRICITY PRICES
dc.subject
ELECTRICITY PRODUCTION
dc.subject
EMISSION
dc.subject
EMISSION GROWTH
dc.subject
EMISSION REDUCTION
dc.subject
EMISSIONS REDUCTION
dc.subject
EMISSIONS REDUCTIONS
dc.subject
EMPIRICAL EVIDENCE
dc.subject
ENERGY CONSERVATION
dc.subject
ENERGY CONSUMPTION
dc.subject
ENERGY COSTS
dc.subject
ENERGY DEMAND
dc.subject
ENERGY EFFICIENCY
dc.subject
ENERGY EFFICIENCY IMPROVEMENTS
dc.subject
ENERGY EFFICIENCY INVESTMENTS
dc.subject
ENERGY EFFICIENCY MEASURES
dc.subject
ENERGY EXPENDITURE
dc.subject
ENERGY OUTLOOK
dc.subject
ENERGY PRICE
dc.subject
ENERGY SECURITY
dc.subject
ENERGY SOURCES
dc.subject
ENERGY SUBSIDIES
dc.subject
ENERGY SUPPLY
dc.subject
ENERGY USE
dc.subject
ENVIRONMENTAL
dc.subject
ENVIRONMENTAL BENEFITS
dc.subject
ENVIRONMENTAL CLEANUP
dc.subject
ENVIRONMENTAL IMPACTS
dc.subject
ENVIRONMENTAL MANAGEMENT
dc.subject
ENVIRONMENTAL POLICIES
dc.subject
ENVIRONMENTAL POLICY
dc.subject
ENVIRONMENTAL PROTECTION
dc.subject
ENVIRONMENTAL QUALITY
dc.subject
ENVIRONMENTAL REGULATION
dc.subject
ENVIRONMENTAL TAXES
dc.subject
EXPENDITURES
dc.subject
EXPLOITATION
dc.subject
EXTERNALITIES
dc.subject
FEASIBILITY
dc.subject
FINANCIAL SUPPORT
dc.subject
FISCAL POLICIES
dc.subject
FOREST
dc.subject
FOREST COVER
dc.subject
FOREST EXTRACTION
dc.subject
FOREST RESTORATION
dc.subject
FORESTRY
dc.subject
FORESTS
dc.subject
FOSSIL
dc.subject
FOSSIL ENERGY
dc.subject
FOSSIL FUELS
dc.subject
FUEL
dc.subject
FUEL CONSUMPTION
dc.subject
FUEL PRICES
dc.subject
FUEL USE
dc.subject
GASES
dc.subject
GHG
dc.subject
GHGS
dc.subject
GLOBAL RECESSION
dc.subject
GOVERNMENT EXPENDITURES
dc.subject
GREEN ENERGY
dc.subject
GREENHOUSE
dc.subject
GREENHOUSE GAS
dc.subject
GREENHOUSE GAS MITIGATION
dc.subject
GRID EXPANSION
dc.subject
HEAT
dc.subject
HIGHER ENERGY PRICES
dc.subject
HYDRO POWER
dc.subject
HYDROPOWER
dc.subject
IMPACTS ON EMISSIONS
dc.subject
IMPORTS
dc.subject
IMPROVING ENERGY EFFICIENCY
dc.subject
INCOME
dc.subject
INDUSTRIAL POLLUTION
dc.subject
INFRASTRUCTURE INVESTMENT
dc.subject
JOBS
dc.subject
LABOR COSTS
dc.subject
LABOR FORCE
dc.subject
LABOR PRODUCTIVITY
dc.subject
LAND USE
dc.subject
LANDFILL
dc.subject
LEVELS OF EMISSIONS
dc.subject
LOGGING
dc.subject
LOW-CARBON
dc.subject
MARKET BARRIERS
dc.subject
MARKET FAILURES
dc.subject
MARKET PRICES
dc.subject
METHANE
dc.subject
METHANE EMISSIONS
dc.subject
MOTOR FUEL
dc.subject
NATURAL RESOURCES
dc.subject
NEGATIVE IMPACTS
dc.subject
OIL
dc.subject
POLICY ENVIRONMENT
dc.subject
POLICY INSTRUMENTS
dc.subject
POLITICAL ECONOMY
dc.subject
POLLUTION
dc.subject
POLLUTION CONTROL
dc.subject
POLLUTION CONTROL SYSTEM
dc.subject
POLLUTION REDUCTION
dc.subject
POWER
dc.subject
POWER GENERATION
dc.subject
POWER GRID
dc.subject
POWER GRIDS
dc.subject
POWER PLANTS
dc.subject
POWER PRODUCERS
dc.subject
PP
dc.subject
PRODUCERS
dc.subject
PRODUCTION COSTS
dc.subject
PRODUCTION OF ELECTRICITY
dc.subject
PRODUCTION PROCESSES
dc.subject
PUBLIC EXPENDITURES
dc.subject
R&D FUNDING
dc.subject
RAIN
dc.subject
RECYCLING
dc.subject
RENEWABLE ELECTRICITY
dc.subject
RENEWABLE ENERGIES
dc.subject
RENEWABLE ENERGY
dc.subject
RENEWABLE ENERGY POLICY
dc.subject
RENEWABLE ENERGY PRODUCTION
dc.subject
RENEWABLE ENERGY PROJECTS
dc.subject
RENEWABLE ENERGY SOURCE
dc.subject
RENEWABLE ENERGY SOURCES
dc.subject
RENEWABLE PRODUCTION
dc.subject
RENEWABLE RESOURCES
dc.subject
RENEWABLE TECHNOLOGIES
dc.subject
RESOURCE ALLOCATION
dc.subject
RESOURCE MANAGEMENT
dc.subject
RURAL ELECTRIFICATION
dc.subject
SHADOW PRICES
dc.subject
SOLAR ELECTRICITY
dc.subject
SPILLOVER EFFECTS
dc.subject
SUBSISTENCE FARMERS
dc.subject
SUBSTITUTION
dc.subject
SUSTAINABLE DEVELOPMENT
dc.subject
SUSTAINABLE ENERGY
dc.subject
SUSTAINABLE WATER
dc.subject
TARIFF STRUCTURE
dc.subject
TAX CREDIT
dc.subject
TAX INCENTIVES
dc.subject
TERMS OF TRADE
dc.subject
THERMAL EFFICIENCY
dc.subject
TIMBER
dc.subject
TIMBER PRICES
dc.subject
TRADEOFFS
dc.subject
TRANSPORT SECTOR
dc.subject
TURBINE MANUFACTURERS
dc.subject
UNEMPLOYMENT
dc.subject
UNEP
dc.subject
UTILITIES
dc.subject
VEHICLES
dc.subject
WAGE RATES
dc.subject
WASTE MANAGEMENT
dc.subject
WATER TREATMENT
dc.subject
WIND
dc.subject
WIND ENERGY
dc.subject
WIND POWER
dc.subject
WIND SECTOR
dc.subject
WIND TURBINE
dc.title
"Green Stimulus," Economic Recovery, and Long-Term Sustainable Development
en
okr.crosscuttingsolutionarea
Climate Change
okr.date.disclosure
2010-01-31
okr.doctype
Publications & Research :: Policy Research Working Paper
okr.doctype
Publications & Research
okr.docurl
http://documents.worldbank.org/curated/en/2010/01/11598837/green-stimulus-economic-recovery-long-term-sustainable-development
okr.globalpractice
Macroeconomics and Fiscal Management
okr.globalpractice
Transport and ICT
okr.globalpractice
Environment and Natural Resources
okr.globalpractice
Energy and Extractives
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/1813-9450-5163
okr.identifier.externaldocumentum
000158349_20100104121602
okr.identifier.internaldocumentum
11598837
okr.identifier.report
WPS5163
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2010/01/04/000158349_20100104121602/Rendered/PDF/WPS5163.pdf
en
okr.topic
Environment :: Climate Change Mitigation and Green House Gases
okr.topic
Macroeconomics and Economic Growth :: Climate Change Economics
okr.topic
Transport Economics Policy and Planning
okr.topic
Environmental Economics and Policies
okr.topic
Energy :: Energy Production and Transportation
okr.topic
Transport
okr.unit
Environment and Energy Team, Development Research Group

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