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that the influence of environment on optimal growth in the long-run may be explained by the detrimental effect of pollution … on life expectancy. It also shows that, in such a case, greener preferences are growth- and welfare-improving even if the …
Persistent link: https://www.econbiz.de/10005385426
This article investigates the influence of environmental policy on growth assuming that the channel of transmission … (1985) where growth is driven by a mechanism à la Romer (1986). We demonstrate that environmental policy has an ambiguous … effect on growth in the steady-state when the detrimental impact of pollution on health and lifetime is taken into account …
Persistent link: https://www.econbiz.de/10005385436
(both the size and the “direction”) on the long-run growth driven by human capital accumulation à la Lucas (1988), when the …. decreases) the BGP rate of growth. When abatement services are produced with the final output, the environmental taxation does … not influence growth. …
Persistent link: https://www.econbiz.de/10008465533
diffuses spatially across locations. The result is an endogenous growth theory that can shed light on the link between the …
Persistent link: https://www.econbiz.de/10008540415
taxation and the economic activity (level- and growth-output) becomes inverted-U shaped, when the detrimental impact of …, a tighter environmental tax is more likely to promote (rather than to harm) output-level and –growth when health is very …
Persistent link: https://www.econbiz.de/10008502092
between political stability and economic growth which is stronger and empirically more robust in countries with high … bureaucratic costs. Motivated by these results, which contrast with previous contributions, we develop a model of growth with … between the probability that the incumbent politician remains in office and average economic growth in the presence of high …
Persistent link: https://www.econbiz.de/10008502103
growth and the quantity of various pollutants produced has recently increased significantly. In several cases researchers …
Persistent link: https://www.econbiz.de/10005423095
used in the abatement sector determines the existence and the direction of the growth-effect. A tighter environmental tax …
Persistent link: https://www.econbiz.de/10009002687
addition to conventional factors of production to output growth, and thus it should be accounted for in total factor … productivity growth (TFPG) measurement and deducted from the .residual. A theoretical framework of growth accounting methodology … from a panel of 23 OECD countries, we show that emissions. growth have a statistically significant contribution to the …
Persistent link: https://www.econbiz.de/10005392526
elucidate part of the resource curse hypothesis; i.e. the observed negative impact of resource wealth on income growth. We … develop a variation of the Ramsey-Cass-Koopmans model with endogenous growth to explain the phenomenon. In this model … show that an increase in resource income frustrates economic growth in two ways: directly by reducing work effort and …
Persistent link: https://www.econbiz.de/10005230839