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 …

pollution on health and the private decision of each working-age agent to improve her health are taken into account. Especially … sensitive to pollution, the weight of health in preferences is high, the polluting capacity of the production technology is high …

pollution becomes negative in the long run. This, of course, is a highly implausible prediction. The paper at hand examines the … problem of negative pollution by, first, critically discussing two approaches adopted in existing EKC models and, second, by … theoretical problem of negative pollution, but also does well regarding the empirical plausibility of the abatement technology. …

economic growth deteriorates the environment through increasing amounts of pollution, the deteriorated environment in turn …

This paper studies the asset pricing implications of industrial pollution. A long-short portfolio constructed from … remains significant after controlling for risk factors. We examine several possible explanations for this pollution premium … evidence suggests that the pollution premium is attributable to environmental policy uncertainty, which constitutes a …