Bertinelli, Luisito; Strobl, Eric; Zou, Benteng - Centre de Recherche en Économie Appliquée (CREA), … - 2008
The relationship between growth and pollution is studied through a vintage capital model, where new technologies are more environmentally friendly. We ¯nd that once the optimal scrapping age of technologies is reached, an economy may achieve two possible cases of sustainable development, one in...