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This paper investigates a problem of optimal growth with resource exhaustibility and pollution externality, based on a … resource exhaustibility and pollution externality are smaller than those with only resource exhaustibility, and taking account … of pollution externality resulting from resource extraction reduces the growth rate of consumption if man-made capital …
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of the reductions in external damages are health benefits, highlighting the importance of accounting for co-pollution … the effectiveness of fuel taxes to reduce climate and health externalities. …
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Since the financial crisis in 2008, slow growth has riddled Europe and the Covid-19 pandemic is amplifying the challenge. Promoting economic growth and transforming to a more knowledge-based industrial structure will be high on the agenda for the coming decades. We study how more and better...
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