perspective that focuses on capital accumulation with investment irreversibility. We show that if 1) direct irreversibility of … investment does not rule out the indirect channel of converting dirty capital goods into clean ones through final goods … environmental regulation, through directing investment towards clean capital, does not necessarily leads to asset stranding of dirty …

This paper analyzes the effects of a land rent tax on capital formation and foreign investment in a life-cycle small … out foreign investment and pulls up national wealth and consumption when consumers are lump-sum compensated for the tax …