Sánchez, Rafaela Mª Pérez; Andújar, Jesús Ruiz - Facultad de Ciencias Económicas y Empresariales, … - 2004
We study the dynamic properties of an endogenous growth model with pollution in which the government can control the … pollution through distorting taxes on the pollutant firms and through public abatement activities. First, we characterize the … found (one with a low level of pollution and the other with a high level) both of which can be locally indeterminate …