BEGIN:VCALENDAR VERSION:2.0 PRODID:-//TYPO3/NONSGML Calendarize//EN BEGIN:VEVENT UID:calendarize-dice-research-seminar-ray-of-hope-china-and-the-rise-of-so lar-energy DTSTAMP:20260409T114214Z DTSTART:20260414T121500Z DTEND:20260414T133000Z SUMMARY:DICE Research Seminar: "Ray of Hope? China and the Rise of Solar E nergy” DESCRIPTION:John Van Reenen (London School of Economics)\nAbstract: Do in dustrial policies that promote clean energy offer a “ray of hope” incr easing a country’s economic growth and welfare whilst simultaneously red ucing carbon emissions? We study the impact of Chinese solar subsidies who se implementation by cities coincided with a dramatic fall in global solar prices. We construct new panel data on city-level solar policies\, patent ing and output. Using synthetic-difference-in-differences between 2004-202 0\, we find that production and innovation subsidies were more effective t han demand-side (installation) subsidies in generating large and persisten t increases in local innovation\, firm numbers\, output and exports. Howev er\, demand policies most strongly reduce local pollution. We build and es timate a spatial general equilibrium model with endogenous innovation\, he terogeneous productivity across firms and place that takes into account bu siness stealing and knowledge spillovers. Structural quantification of thi s model shows that: (i) the local effects remain substantial at the aggreg ate level\; (ii) policy explains almost two-fifths of the price decline of solar panels and a third of the increase in Chinese innovation\; (iii) so lar industrial policies increased Chinese welfare by 1% to 2.3%\, almost a s much as existing estimates of WTO Accession\; and (iv) although all subs idy types increase aggregate welfare\, innovation subsidies are by far the most cost-effective.\nYou can find John's website here: Bio | Mysite\nHe will be available for individual meetings on the day of the seminar. Giuli a and Yihan will coordinate the schedule. Please use the following Google sheet if you want to reserve a slot: Research Seminar SoSe 26\n\n X-ALT-DESC;FMTTYPE=text/html:

John Van Reenen \;(Lo ndon School of Economics)

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Abstract: Do industrial policies that pr omote clean energy offer a “ray of hope” increasing a country’s econ omic growth and welfare whilst simultaneously reducing carbon emissions? W e study the impact of Chinese solar subsidies whose implementation by citi es coincided with a dramatic fall in global solar prices. We construct new panel data on city-level solar policies\, patenting and output. Using syn thetic-difference-in-differences between 2004-2020\, we find that producti on and innovation subsidies were more effective than demand-side (installa tion) subsidies in generating large and persistent increases in local inno vation\, firm numbers\, output and exports. However\, demand policies most strongly reduce local pollution. We build and estimate a spatial general equilibrium model with endogenous innovation\, heterogeneous productivity across firms and place that takes into account business stealing and knowl edge spillovers. Structural quantification of this model shows that: (i) t he local effects remain substantial at the aggregate level\; (ii) policy e xplains almost two-fifths of the price decline of solar panels and a third of the increase in Chinese innovation\; (iii) solar industrial policies i ncreased Chinese welfare by 1% to 2.3%\, almost as much as existing estima tes of WTO Accession\; and (iv) although all subsidy types increase aggreg ate welfare\, innovation subsidies are by far the most cost-effective.

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You can find John's website here: Bio | Mysite

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He will be available for individual me etings on the day of the seminar. Giulia and Yihan will coordinate the sch edule. Please use the following Google sheet if you want to reserve a slot : \;Research Seminar SoSe 26< /p>\n\n LOCATION:Room S3/4 in the Oeconomicum (building 24.31) END:VEVENT END:VCALENDAR