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Strictly Endogenous Growth with Non-renewable Resources Implies an Unbounded Growth Rate
Groth, Christian - 2003
Conventional endogenous growth theory relies on the assumption of constant returns to "broad capital". As Solow pointed out, the strength of this assumption is revealed by recognizing that even the slightest touch of increasing returns creates explosive growth: infinite output in finite time!...
Persistent link: https://www.econbiz.de/10010320925
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Taxation of Oil Products and GDP Dynamics of Oil-rich Countries
Daubanes, Julien - 2009
over the last decades: the proportion of taxes in the prices of petroleum products have been globally increasing for the … oil-importing country are differently affected by increasing taxes on the resource use. The hypothesis is constructed on … the theory of non-renewable resources taxation. The argument is based on the distributional effects of taxes on …
Persistent link: https://www.econbiz.de/10011753166
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Determining the Environmental Effects of Indirect Subsidies
van Beers, Cees; van den Bergh, Jeroen C.J.M.; de Moor, … - 2004
damaging subsidies is lacking. Environmentally damaging subsidies are all kinds of direct and indirect subsidies aimed at … article develops a transparent method to determine the environmental impact of indirect government subsidies and derive policy … lessons. This method has been applied to several major subsidies in the Netherlands, namely in agriculture, energy, and …
Persistent link: https://www.econbiz.de/10010325315
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Stochastic Environmental Policy, Risk-Taking, and Growth
Soretz, Susanne - 2003
This paper analyzes stochastic productive pollution within a model of endogenous growth. The extent to which the agents perceive their individual influence on aggregate pollution is parameterized. Recursive preferences allow for the separation between intertemporal substitutability and risk...
Persistent link: https://www.econbiz.de/10010262909
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Stochastic Pollution and Environmental Care in an Endogenous Growth Model
Soretz, Susanne - 2002
This paper analyzes the impact of pollution and abatement policy within a stochastic endogenous growth model. The agents have environmental preferences, but they neglect their individual contribution to aggregate abatement. Therefore, environmental care is done by the government and financed via...
Persistent link: https://www.econbiz.de/10010317622
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Sectoral Heterogeneity, Resource Depletion, and Directed Technical Change: Theory and Policy
Pittel, Karen; Bretschger, Lucas - 2008
taxes have no impact on dynamics except when the tax rate varies over time. Constant research subsidies raise the growth … rate while increasing subsidies have the opposite effect. We also find that supporting sectors by providing them with …
Persistent link: https://www.econbiz.de/10011753160
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The Implications of Heterogeneous Resource Intensities on Technical Change and Growth
Pittel, Karen; Bretschger, Lucas - 2009
taxes have no impact on dynamics except when the tax rate varies over time. Constant research subsidies raise the growth … rate while increasing subsidies have the opposite effect. We also find that supporting sectors by providing them with …
Persistent link: https://www.econbiz.de/10011753184
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Energy Prices and Economic Growth: Theory and Evidence in the Long Run
Berk, Ýstemi; Yetkiner, Hakan - 2013
In this paper, we attempt to derive and test the role of energy prices on economic growth. We first developed a two-sector endogenous growth model, based on Rebelo (1991). We modified the model such that consumption goods sector uses energy as an input along with capital. The model allows us to...
Persistent link: https://www.econbiz.de/10011807219
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Long-Run Growth and Recycling: A Material Balance Approach
Pittel, Karen; Amigues, Jean-Pierre; Kuhn, Thomas - 2006
In this paper we analyze the implications of recycling for long-run economic development. In contrast to former approaches, we take explicit account of the circulation of matter in the economy. Building upon a Romer (1990) type growth model we consider virgin resources and recycled wastes as...
Persistent link: https://www.econbiz.de/10011753102
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Self-employment, knowledge and economic growth: An empirical study for Latin American countries
González Sánchez, Víctor M. - In: Contemporary Economics 12 (2018) 4, pp. 473-484
example, unemployment, taxes and education (as a proxy of knowledge). …
Persistent link: https://www.econbiz.de/10014544561