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endogenous growth model. Individuals take only part of their impact on pollution into account, hence there is a negative … externality of capital accumulation on environmental quality. Increasing wealth or increasing pollution enhance green attitude and … reduce the externality, because individuals care more about the environment if their income is higher or if pollution is more …
Persistent link: https://www.econbiz.de/10010516680
This paper analyzes stochastic productive pollution within a model of endogenous growth. The extent to which the agents … perceive their individual influence on aggregate pollution is parameterized. Recursive preferences allow for the separation … stochastic pollution tax, which is uncorrelated with the technological uncertainty of pollution, is compared with a pure …
Persistent link: https://www.econbiz.de/10010262909
This paper analyzes the impact of pollution and abatement policy within a stochastic endogenous growth model. The …
Persistent link: https://www.econbiz.de/10010317622
Persistent link: https://www.econbiz.de/10001692972
Persistent link: https://www.econbiz.de/10001781986
The impact of pollution and abatement policy within a stochastic endogenous growth model is analyzed. Environmental … preferences and partial perception of the individual's impact on pollution, government debt influences equilibrium growth. Hence …
Persistent link: https://www.econbiz.de/10014077742