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Title: GREENING HUMAN CAPITAL AND BUSINESS CYCLE: THE ROLE OF EDUCATIONAL POLICIES
GREENING HUMAN CAPITAL AND BUSINESS CYCLE: THE ROLE OF EDUCATIONAL POLICIES

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Marina Albanese; Francesco Busato; Gianluigi Cisco
10.5593/sgem2022V/6.2/s29.88
10.5593/sgem2022V/6.2
1314-2704
978-619-7603-52-1
English
22
6.2
•    Prof. DSc. Oleksandr Trofymchuk, UKRAINE 
•    Prof. Dr. hab. oec. Baiba Rivza, LATVIA
Animals and Society
Higher education institutions play a central role in shaping labor skills and green culture essential in the future low-carbon economy. This paper examines the impact of green education policies in the higher education sector on the business cycle and compares them to standard incentives to encourage green production at the firm level. For our purpose, we set up a Dynamic Stochastic General Equilibrium model extended to account for the endogenous selection of green and traditional human capital and heterogeneous households that differ in their ability to access labor markets and with different availabilities of human capital. We find that both academic and firm subsidy measures enable the greening of human capital. However, a green education stimulus is essential to increase the quality of green education and allow sustainable development in the long run. In contrast, firm-level green subsidies have a larger impact on short-term low-carbon productivity, as they mainly affect hiring and investment decisions.
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conference
https://doi.org/10.5593/sgem2022V/6.2/s29.88
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Proceedings of 22nd International Multidisciplinary Scientific GeoConference SGEM 2022
22nd International Multidisciplinary Scientific GeoConference SGEM 2022, 06-08 December, 2022
Proceedings Paper
STEF92 Technology
International Multidisciplinary Scientific GeoConference SGEM
SWS Scholarly Society; Acad Sci Czech Republ; Latvian Acad Sci; Polish Acad Sci; Serbian Acad Sci and Arts; Natl Acad Sci Ukraine; Natl Acad Sci Armenia; Sci Council Japan; European Acad Sci, Arts and Letters; Acad Fine Arts Zagreb Croatia; Croatian Acad Sci and Arts; Acad Sci Moldova; Montenegrin Acad Sci and Arts; Georgian Acad Sci; Acad Fine Arts and Design Bratislava; Turkish Acad Sci.
699-706
06-08 December, 2022
website
8982
DSGE model, higher education institutions, human capital, sustainable development