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Economic Growth and the Environment : A Review of Theory and Empirics

Brock, William A. - 2004

This paper reviews both theory and empirical work on economic growth and the environment. We develop four simple growth models to help us identify key features generating sustainable growth. We show how some combination of technological progress in abatement, intensified abatement, shifts in the...

Persistent link: https://www.econbiz.de/10012467835

The Demise of U.S. Economic Growth : Restatement, Rebuttal, and Reflections

Gordon, Robert J. - 2014

The United States achieved a 2.0 percent average annual growth rate of real GDP per capita between 1891 and 2007. This paper predicts that growth in the 25 to 40 years after 2007 will be much slower, particularly for the great majority of the population. Future growth will be 1.3 percent per...

Persistent link: https://www.econbiz.de/10012458768

Is the Macroeconomy Locally Unstable and Why Should We Care?

Beaudry, Paul - 2016

In most modern macroeconomic models, the steady state (or balanced growth path) of the system is a local attractor, in the sense that, in the absence of shocks, the economy would converge to the steady state. In this paper, we examine whether the time series behavior of macroeconomic aggregates...

Persistent link: https://www.econbiz.de/10012456400

The Free Rider Problem : a Dynamic Analysis

Battaglini, Marco - 2012

We present a dynamic model of free riding in which n infinitely lived agents choose between private consumption and contributions to a durable public good g. We characterize the set of continuous Markov equilibria in economies with reversibility, where investments can be positive or negative; and...

Persistent link: https://www.econbiz.de/10012460730

The Optimal Inflation Target and the Natural Rate of Interest

Andrade, Philippe - 2018

We study how changes in the value of the steady-state real interest rate affect the optimal inflation target, both in the U.S. and the euro area, using an estimated New Keynesian DSGE model that incorporates the zero (or effective) lower bound on the nominal interest rate. We find that this...

Persistent link: https://www.econbiz.de/10012453386

Transition to Green Technology along the Supply Chain

Aghion, Philippe; Barrage, Lint; Donald, Eric; Hémous, … - National Bureau of Economic Research - 2025

We analyze a model of green technological transition along a supply chain. The model generates a unique equilibrium for given initial conditions but multiple steady-states. We show that: (i) even in the presence of Pigouvian environmental taxation, targeted sectoral subsidies are generally...

Persistent link: https://www.econbiz.de/10015421885

A Theory of Endogenous Degrowth and Environmental Sustainability

Aghion, Philippe; Boppart, Timo; Peters, Michael; … - National Bureau of Economic Research - 2025

We develop and quantify a novel growth theory in which economic activity endogenously shifts from material production to quality improvements. Consumers derive utility from goods with differing environmental footprints: necessities are material-intensive and polluting, while luxuries are more...

Persistent link: https://www.econbiz.de/10015421878

The Impact of China on the Exports of Other Asian Countries

Eichengreen, Barry - 2004

We analyze the impact of China's growth on the exports of other Asian countries. Our innovation is to distinguish the … increase in China's demand for imports from its increased penetration of export markets. Using the gravity model, we … disaggregate among commodity types and account for the endogeneity of Chinese exports. We confirm the tendency for China's exports …

Persistent link: https://www.econbiz.de/10012467922

Productivity Effects of TVE Privatization : The Case Study of Garment and Metal Casting Enterprises in the Greater Yangtze River Region

Sonobe, Tetsushi - 2003

and widely taking place in China, it is much less known whether and to what extent privatization has improved resource …

Persistent link: https://www.econbiz.de/10012469077

Forecasting China's Economic Growth and Inflation

Higgins, Patrick - 2016

rigorous and systematic research in the evaluation of out-of-sample model-based forecasts of China's real GDP growth and CPI … of predicting turning points and to be usable for policy analysis under different scenarios. It predicts that China …

Persistent link: https://www.econbiz.de/10012456277