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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
Wir untersuchen die gleichgewichtige Entwicklung der Umweltqualität in einem endogenen Wachstumsmodell, wobei die Umweltverschmutzung durch die Güterproduktion verursacht und durch Umweltschutzausgaben verringert wird. Nehmen die Wirtschaftssubjekte nur einen Teil ihres individuellen...
Persistent link: https://www.econbiz.de/10003316749
new pieces of knowledge are produced in a R&D sector and used to reduce pollution emissions. Using this model along with a …
Persistent link: https://www.econbiz.de/10010385803
Persistent link: https://www.econbiz.de/10012169337
patent markets, knowledge spillovers are already internalized to a huge extent. For the output-induced pollution … welfare. However, for the capital-induced pollution specification, internalizing the knowledge spillovers goes hand in hand …
Persistent link: https://www.econbiz.de/10010485437
Persistent link: https://www.econbiz.de/10001473052
The burden sharing of pollution abatement costs raises the issue of how to share the costs between entities (country …, region or industry) and how the pollution permits should be distributed between the parties involved. This paper explores …
Persistent link: https://www.econbiz.de/10012730329
and environmental pollution. As to pollution we assume that it is due to aggregate production. Pollution does not have …
Persistent link: https://www.econbiz.de/10014075888
Persistent link: https://www.econbiz.de/10013464754
Given the unobserved nature of expectations, this paper employs latent variable analysis to examine three financial instability models and assess their out-of-sample forecasting accuracy. We compare a benchmark linear random walk model, which implies exogenous instability phenomena, with a...
Persistent link: https://www.econbiz.de/10014521225