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A Policy Framework for Advancing Productive Investments and Clean Energy throughout the U.S. Economy

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  • Robert Pollin

Abstract

This paper considers policies for promoting productive investments in the United States, especially as regards the project of building a clean energy economy. The four main policies examined are: 1) Expanding public investments throughout the economy and gaining the crowding-in benefits that will accrue from such investments; 2) Refocusing the successful, but ad hoc, U.S. model of industrial policies; 3) Advancing this agenda of public investments, industrial policy and cooperative/community ownership in ways that benefit all regions of the U.S. equitably; and 4) Promoting cooperative and community-based ownership forms, as alternatives to the private corporation.

Suggested Citation

  • Robert Pollin, 2011. "A Policy Framework for Advancing Productive Investments and Clean Energy throughout the U.S. Economy," Working Papers wp265, Political Economy Research Institute, University of Massachusetts at Amherst.
    • Handle: RePEc:uma:periwp:wp265
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    References listed on IDEAS

    as
    1. Aschauer, David Alan, 1989. "Is public expenditure productive?," Journal of Monetary Economics, Elsevier, vol. 23(2), pages 177-200, March.
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    5. Sterlacchini, Alessandro, 2012. "Energy R&D in private and state-owned utilities: An analysis of the major world electric companies," Energy Policy, Elsevier, vol. 41(C), pages 494-506.
    6. Daniel J. Wilson, 2005. "Beggar thy neighbor? the in-state vs. out-of-state impact of state R&D tax credits," Working Paper Series 2005-08, Federal Reserve Bank of San Francisco.
    7. James Heintz, 2010. "The impact of public capital on the US private economy: new evidence and analysis," International Review of Applied Economics, Taylor & Francis Journals, vol. 24(5), pages 619-632.
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    Cited by:

    1. Gerald Epstein, 2014. "Restructuring finance to promote productive employment," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 11(2), pages 161-170, September.

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    More about this item

    Keywords

    Public Investment; Industrial Policy; Community Ownership; Clean Energy;
    All these keywords.

    JEL classification:

    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy
    • L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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