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Persistent link: https://www.econbiz.de/10011747864
We study the effects of greenhouse gas emissions on optimum growth and environmental policy by using an expansion-in-varieties growth model with polluting non-renewable resources. Climate change harms the capital stock. Our main contribution is to introduce and extensively explore the naturally...
Persistent link: https://www.econbiz.de/10011793508
Production often causes pollution as a by-product. Once pollution problems become too severe, regulation is introduced … and decline of pollution can be explained by policyinduced technology shifts. …
Persistent link: https://www.econbiz.de/10010484504
Production often causes pollution as a by-product. Once pollution problems become too severe, regulation is introduced … claim that the rise and decline of pollution can be explained by policy-induced technology shifts …
Persistent link: https://www.econbiz.de/10001529026
Persistent link: https://www.econbiz.de/10001531820
Production often causes pollution as a by-product. Once environmental degradation becomes too severe, regulation is …-improvements. The model gives an explanation for the inverted U-shaped pollution-income relation found in empirical research for many …
Persistent link: https://www.econbiz.de/10003082488
We study the effects of greenhouse gas emissions on optimum growth and environmental policy by using an expansion-in-varieties growth model with polluting non-renewable resources. Climate change harms the capital stock. Our main contribution is to introduce and extensively explore the naturally...
Persistent link: https://www.econbiz.de/10012973812
baseline model by adding climate-induced fluctuations around the growth trend and stock-pollution effects, demonstrating …
Persistent link: https://www.econbiz.de/10013040491
resources which cause greenhouse gas emissions; pollution stock harms capital and reduces economic growth. We find a big effect … robustness of the results by adding pollution decay and lowering the elasticity of intertemporal substitution which does not …
Persistent link: https://www.econbiz.de/10012946363
subsequently extend the baseline model by adding climate-induced fluctuations around the growth trend and stock-pollution effects …
Persistent link: https://www.econbiz.de/10013048705