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We generalize some recent results developed in static policy games with multiple players, to a dynamic context. We find that the classical theory of economic policy can be usefully applied to a strategic context of difference games: if one player satisfies the Golden Rule, then either all other...
Persistent link: https://www.econbiz.de/10005423174
This paper generalizes the classical theory of economic policy to a static LQ-strategic context between n players. We show how this generalized version of controllability can profitably be used to deal with policy ineffectiveness issues and Nash equilibrium existence.
Persistent link: https://www.econbiz.de/10005385510
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
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
(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
growth and the quantity of various pollutants produced has recently increased significantly. In several cases researchers …
Persistent link: https://www.econbiz.de/10005423095
political economy perspective. We consider an endogenous growth economy, where growth generates pollution and a deterioration of … the environment. Public expenditures may either be devoted to supporting growth or abating pollution. The decision over …, the less she will tax and devote resources to the environment, preferring to support growth. …
Persistent link: https://www.econbiz.de/10005570342
This article demonstrates that when finite lifetime is introduced in a Lucas (1988) growth model, the environmental … policy may enhance growth both in the short- and the long-run, while pollution does not influence educational activities … appearance of newborns at each date creates a turnover of generations which disconnects the aggregate consumption growth to the …
Persistent link: https://www.econbiz.de/10005230853
Since its first inception in the debate on the relationship between environment and growth in 1992, the Environmental …
Persistent link: https://www.econbiz.de/10005230865
Combining unique data bases on emissions with sectoral output and employment data, we study the sources of the fall in world-wide SO2 emissions and estimate the impact of trade on emissions. Contrarily to concerns raised by environmentalists, an emission-decomposition exercise shows that scale...
Persistent link: https://www.econbiz.de/10005230876