productive. In this case along a balanced growth path the tax has to increase to keep the market shares of goods of different … vintages constant. An increase in the burden of taxation lowers output on impact but, comparing balanced growth paths, we find … that it spurs innovation. Through this channel environmental policy may increase the growth rate of the economy. …

This paper introduces endogenous and directed technical change in a growth model with environmental constraints. A … characterize dynamic tax policies that achieve sustainable growth or maximize intertemporal welfare. We show that: (i) in the case … where the inputs are sufficiently substitutable, sustainable long-run growth can be achieved with temporary taxation of …

This paper discusses the growth model with environmental constraints recently presented in (Acemoglu et al., 2011 … policies can be conducted "without sacrificing (much or any) long-run growth". Second, they select unrealistic key parameters …. Third, the model leads to an unrealistic conclusion when used to analyse endogenous growth, suggesting specification …

The paper investigates socially optimal patterns of economic growth and environmental quality in a neoclassical growth … in R&D. Thus, there will be a first stage of growth based only on the accumulation of capital with a decreasing … point, if the new technologies are efficient enough, the economy can evolve along a balanced growth path with an increasing …

Whether China continues its current energy-intensive growth path or adopts a sustainable development prospect has … significant implication for energy and climate governance. Building on a Ramsey-Cass-Koopmans growth model incorporating the … mechanism of endogenous technological change and its interaction with fossil energy use and economic growth, this paper …