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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
(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
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
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
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
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
, which are one of the keys to the growth process: the economy can be discontinuously innovation-oriented due to the different …
Persistent link: https://www.econbiz.de/10005570325
That climate policies are costly is evident and therefore often creates major fears. But the alternative (no action) also has a cost. Mitigation costs and damages incurred depend on what the climate policies are; moreover, they are substitutes. This brings climate policies naturally in the realm...
Persistent link: https://www.econbiz.de/10010904921
We consider a situation where an exhaustible-resource seller faces demand from a buyer who has a perfect substitute but there is a time-to-build delay for the substitute. We that find in this simple framework the basic implications of the Hotelling model (1931) are reversed: over time the stock...
Persistent link: https://www.econbiz.de/10004965198
that until 2050 the resulting growth rates of nuclear electricity generation capacity become comparable to historical rates …
Persistent link: https://www.econbiz.de/10008502125