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growth. It is found that macroeconomic instability can arise in a simple AK-type growth model when the pollution externality … evolution (the specific pollution growth rate) are two crucial factors that determine the relationship between environmental …
Persistent link: https://www.econbiz.de/10011077056
between growth and pollution –which does not only imply challenges but also opportunities for developing countries: indeed …-existing techniques in pollution abatement, they will be able to tunnel or leap-frog the EKC trajectory derived from developed countries …
Persistent link: https://www.econbiz.de/10005609426
This paper explores sources of growth in the Turkish economy by performing growth accounting exercises over the 1960-2004 period and relevant subperiods. It also analyzes the role of a number of important policy-related factors, such as infrastructure investment, macroeconomic instability, and...
Persistent link: https://www.econbiz.de/10008592674
Public debt is an important means of bridging government financing gaps. Effective and efficient utilization of public debt can increase economic growth. However, excessive reliance on public debt raises macroeconomic problems. A large gap between revenue and expenditure forces a country to...
Persistent link: https://www.econbiz.de/10005789559
, pollution lowers the stock of human capital by weakening physical and mental performances, and shortening the life expectancy at … the end. To capture the impact of pollution on economic growth, we compute the optimal policy in a continuous …
Persistent link: https://www.econbiz.de/10011016344
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 … stochastic pollution tax, which is uncorrelated with the technological uncertainty of pollution, is compared with a pure …
Persistent link: https://www.econbiz.de/10005243328
production process generates a flow of pollution. This flow negatively affects the dynamics of the stock of environment, which is …
Persistent link: https://www.econbiz.de/10010668871
of promoting individual abatement activity. An endogenous growth model is considered where pollution is essential for … production and causes disutility. Accidental pollution introduces uncertainty into the model. Furthermore, the extent to which … the agents perceive their individual influence on aggregate pollution is parameterised. Recursive preferences allow for …
Persistent link: https://www.econbiz.de/10010668901
Persistent link: https://www.econbiz.de/10005706608
Persistent link: https://www.econbiz.de/10005711528