resources which cause greenhouse gas emissions; pollution stock harms capital and reduces economic growth. We find a big effect … robustness of the results by adding pollution decay and lowering the elasticity of intertemporal substitution which does not …

pollution intensity. Countries growth rates are determined endogenously, and abatement efficiency is improved by technical … regime. The optimal allocation of pollution permits depends on international trade. In the absence of international permit … developed. When global distribution of physical capital is uneven and the aggregate pollution ceiling is low, poor countries …

endowment, pollution intensity, climate vulnerability, and clean factor productivity. Our analysis reveals the possibility of an … economy converging into a "carbon trap", characterized by a sustained equilibrium marked by elevated pollution and diminished …

accumulation and the sectoral structure of the economy as key elements to cope with resource scarcity and pollution. Model …