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We study economic growth and pollution control in a model with endogenous rate and direction of technical change …. Economic growth (growth of real GDP) results from growth in the quantity and productivity of polluting intermediates. Pollution … can be controlled by reducing the pollution intensity of a given quantity through costly research (green innovation) and …
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Environmental pollution is introduced both as a joint product and as a source of disutility in growth models. The … have sustained growth in the long run without accumulation of pollution; what is the impact of environmental concerns on …, consumption or environmental pollution affected if we take into account the environment; what type of deviations do we observe …
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endogenous growth model. Individuals take only part of their impact on pollution into account, hence there is a negative … externality of capital accumulation on environmental quality. Increasing wealth or increasing pollution enhance green attitude and … reduce the externality, because individuals care more about the environment if their income is higher or if pollution is more …
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