ENVIRONMENTAL-QUALITY AND POLLUTION-AUGMENTING TECHNOLOGICAL-CHANGE IN A 2-SECTOR ENDOGENOUS GROWTH-MODEL

• 成果类型: Article
• 署名作者: BOVENBERG, AL; SMULDERS, S
• 署名单位: Erasmus University Rotterdam; Erasmus University Rotterdam - Excl Erasmus MC; Centre for Economic Policy Research - UK; Tilburg University
• 刊物名称: JOURNAL OF PUBLIC ECONOMICS
• ISSN/ISSBN: 0047-2727
• 发表日期: 1995
• 页码: 369-391
• 关键词: ENVIRONMENTAL QUALITY; ENDOGENOUS ECONOMIC GROWTH; 2-SECTOR MODEL; POLLUTION-AUGMENTING TECHNOLOGY; POLLUTION TAX; public spending

摘要

This paper explores the link between environmental quality and economic growth in an endogenous growth model that incorporates pollution-augmenting technological change. It examines the conditions under which sustainable growth is both feasible and optimal. We explore also how the government should intervene to ensure the optimal levels of natural and knowledge capital, which share a public-goods character. We establish the conditions for a more ambitious environmental policy to raise long-run growth.