Economic growth and environmental protection can be experienced at the same time but they do not come automatically and without costs. The government has to play its own important role in the interest of society as a whole, that is, it has to set credible environmental targets first and then...

There exist specific factor scarcities if, and only if, the inputs of the production process are not perfect substitutes. Under the extreme assumption of strict factor complementarity between labour and resources in the production of some aggregate consumption good, and assuming that the...

This paper examines the environmental effects of mineral taxes in a framework that recognizes the importance of rates and cumulative externalities and proposes an appropriate corrective tax. It concludes that mineral resources taxation should combine neutral taxes with a dynamic Pigovian type...