{"id":69323,"date":"2023-12-02T07:25:00","date_gmt":"2023-12-02T06:25:00","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/macroeconomic-effects-of-green-recovery-programmes\/"},"modified":"2025-07-08T17:51:17","modified_gmt":"2025-07-08T15:51:17","slug":"macroeconomic-effects-of-green-recovery-programmes","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/69323\/","title":{"rendered":"Macroeconomic Effects of Green Recovery Programmes"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-69323","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"Conceptual Framing and a Review of the Empirical Literature","text":"As governments spend unprecedented sums of public money on pandemic related rescue and recovery measures, while humankind is facing mounting long-term challenges \u2013 and above all the climate crisis \u2013, the question whether and to what extent COVID-19 recovery programmes contribute to countries' commitments to a sustainability oriented recovery is gaining increasing urgency. We argue that overcoming the economic and social impacts of the pandemic require deeper structural changes than a return to a more or less business as usual scenario to limit the impacts of climate change. Recovery packages should therefore be designed in such a way as to avoid fossil lock-in effects and take into account that the social and technological actions taken today will unfold their effects in the climate system with a time lag only. An interesting question in this context is the effectiveness of green recovery measures not only with regard to environmental objectives, but also concerning conventional economic indicators, which are traditionally summarised under the heading \"multiplier effects\". Evaluations of the economic effects of green recovery measures, e.g. those implemented during the global financial crisis, are in short supply. Most of the existing empirical analyses have an ex ante focus, while ex post evaluations are scarce. This paper aims at contributing to this research gap by providing a review of the empirical evidence of the macroeconomic effects of green recovery measures.","onlinedate":"2022-04-08 12:00:00","lang":"English","publication_series":"","publication_date":"20220401","publication_date_year":"","publication_date_full":false,"publication_num_pages":"44","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":428625,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"646","journal":"WIFO Working Papers","publisher":"","invisible":false,"external":false,"embargo_date":"2022-04-08 12:00:00","types":[44410],"research_groups":[3655,3500],"collaboration":"","persons":[3671,3830],"persons_data":"[{\"personId\":3671,\"personName\":\"Angela K\u00f6ppl\",\"organisationNames\":[]},{\"personId\":3830,\"personName\":\"Margit Schratzenstaller\",\"organisationNames\":[]}]","clients":[10646],"subclients":[],"partners":[],"topics":[41019],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>K\u00f6ppl, A.<\\\/span><span>, &amp; Schratzenstaller, M.<\\\/span> (2022). <span>Macroeconomic Effects of Green Recovery Programmes: Conceptual Framing and a Review of the Empirical Literature<\\\/span>. <span><em>WIFO Working Papers<\\\/em><\\\/span>, (646).<\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>K\u00f6ppl A<\\\/span><span>, Schratzenstaller M<\\\/span>. <span class=\\\"title\\\"><span>Macroeconomic Effects of Green Recovery Programmes: <span class=\\\"subtitle\\\">Conceptual Framing and a Review of the Empirical Literature<\\\/span><\\\/span><\\\/span>. <span>WIFO Working Papers<\\\/span>. 2022 Apr;(646).<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{1a3b637cd7f84b6c9118ad6cf3893a65,<\\\/div><div>  title    = \\\"Macroeconomic Effects of Green Recovery Programmes: Conceptual Framing and a Review of the Empirical Literature\\\",<\\\/div><div>  abstract = \\\"As governments spend unprecedented sums of public money on pandemic related rescue and recovery measures, while humankind is facing mounting long-term challenges \u2013 and above all the climate crisis \u2013, the question whether and to what extent COVID-19 recovery programmes contribute to countries' commitments to a sustainability oriented recovery is gaining increasing urgency. We argue that overcoming the economic and social impacts of the pandemic require deeper structural changes than a return to a more or less business as usual scenario to limit the impacts of climate change. Recovery packages should therefore be designed in such a way as to avoid fossil lock-in effects and take into account that the social and technological actions taken today will unfold their effects in the climate system with a time lag only. An interesting question in this context is the effectiveness of green recovery measures not only with regard to environmental objectives, but also concerning conventional economic indicators, which are traditionally summarised under the heading {\\\"}multiplier effects{\\\"}. Evaluations of the economic effects of green recovery measures, e.g. those implemented during the global financial crisis, are in short supply. Most of the existing empirical analyses have an ex ante focus, while ex post evaluations are scarce. This paper aims at contributing to this research gap by providing a review of the empirical evidence of the macroeconomic effects of green recovery measures.\\\",<\\\/div><div>  keywords = \\\"Green recovery, COVID-19 crisis, multipliers, green multipliers, transformative change\\\",<\\\/div><div>  author   = \\\"Angela K{\\\\\\\"o}ppl and Margit Schratzenstaller\\\",<\\\/div><div>  note     = \\\"Macroeconomic Effects of Green Recovery Programmes. Conceptual Framing and a Review of the Empirical Literature\\\",<\\\/div><div>  year     = \\\"2022\\\",<\\\/div><div>  month    = apr,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  journal  = \\\"WIFO Working Papers\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - Macroeconomic Effects of Green Recovery Programmes<\\\/p><p>T2  - Conceptual Framing and a Review of the Empirical Literature<\\\/p><p>AU  - K\u00f6ppl, Angela<\\\/p><p>AU  - Schratzenstaller, Margit<\\\/p><p>N1  - Macroeconomic Effects of Green Recovery Programmes. Conceptual Framing and a Review of the Empirical Literature<\\\/p><p>PY  - 2022\\\/4<\\\/p><p>Y1  - 2022\\\/4<\\\/p><p>N2  - As governments spend unprecedented sums of public money on pandemic related rescue and recovery measures, while humankind is facing mounting long-term challenges \u2013 and above all the climate crisis \u2013, the question whether and to what extent COVID-19 recovery programmes contribute to countries' commitments to a sustainability oriented recovery is gaining increasing urgency. We argue that overcoming the economic and social impacts of the pandemic require deeper structural changes than a return to a more or less business as usual scenario to limit the impacts of climate change. Recovery packages should therefore be designed in such a way as to avoid fossil lock-in effects and take into account that the social and technological actions taken today will unfold their effects in the climate system with a time lag only. An interesting question in this context is the effectiveness of green recovery measures not only with regard to environmental objectives, but also concerning conventional economic indicators, which are traditionally summarised under the heading \\\"multiplier effects\\\". Evaluations of the economic effects of green recovery measures, e.g. those implemented during the global financial crisis, are in short supply. Most of the existing empirical analyses have an ex ante focus, while ex post evaluations are scarce. This paper aims at contributing to this research gap by providing a review of the empirical evidence of the macroeconomic effects of green recovery measures.<\\\/p><p>AB  - As governments spend unprecedented sums of public money on pandemic related rescue and recovery measures, while humankind is facing mounting long-term challenges \u2013 and above all the climate crisis \u2013, the question whether and to what extent COVID-19 recovery programmes contribute to countries' commitments to a sustainability oriented recovery is gaining increasing urgency. We argue that overcoming the economic and social impacts of the pandemic require deeper structural changes than a return to a more or less business as usual scenario to limit the impacts of climate change. Recovery packages should therefore be designed in such a way as to avoid fossil lock-in effects and take into account that the social and technological actions taken today will unfold their effects in the climate system with a time lag only. An interesting question in this context is the effectiveness of green recovery measures not only with regard to environmental objectives, but also concerning conventional economic indicators, which are traditionally summarised under the heading \\\"multiplier effects\\\". Evaluations of the economic effects of green recovery measures, e.g. those implemented during the global financial crisis, are in short supply. Most of the existing empirical analyses have an ex ante focus, while ex post evaluations are scarce. This paper aims at contributing to this research gap by providing a review of the empirical evidence of the macroeconomic effects of green recovery measures.<\\\/p><p>KW  - Green recovery<\\\/p><p>KW  -  COVID-19 crisis<\\\/p><p>KW  -  multipliers<\\\/p><p>KW  -  green multipliers<\\\/p><p>KW  -  transformative change<\\\/p><p>M3  - WIFO series<\\\/p><p>JO  - WIFO Working Papers<\\\/p><p>JF  - WIFO Working Papers<\\\/p><p>ER  - <\\\/p><\\\/div>\"}","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.3 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Macroeconomic Effects of Green Recovery Programmes - WIFO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wifo.ac.at\/en\/publication\/69323\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Macroeconomic Effects of Green Recovery Programmes\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wifo.ac.at\/en\/publication\/69323\/\" \/>\n<meta property=\"og:site_name\" content=\"WIFO\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WIFOat\/\" \/>\n<meta property=\"article:modified_time\" content=\"2025-07-08T15:51:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.wifo.ac.at\/wp-content\/uploads\/2024\/05\/WIFO-Gebaeude-FotoAlexanderMueller-www.alexandermueller.at-IMG_6326-Bearbeitet-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@WIFOat\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/69323\\\/\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/69323\\\/\",\"name\":\"Macroeconomic Effects of Green Recovery Programmes - 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