search query: @indexterm Economic growth / total: 1784
reference: 82 / 1784
| Author: | Cassou, S. P. Hamilton, S. F. |
| Title: | The transition from dirty to clean industries: optimal fiscal policy and the environmental Kuznets curve |
| Journal: | Journal of Environmental Economics and Management
2004 : NOV, VOL. 48:3, p. 1050-1077 |
| Index terms: | economic development economic growth environmental quality |
| Language: | eng |
| Abstract: | This article explores privately and socially optimal patterns of economic development in a two-sector endogenous growth model with clean and dirty goods. In a second-best fiscal policy framework, in which distortionary taxes jointly influence economic growth and environmental quality, three conditions produce an Environmantal Kuznets Curve (EKC): (1) dirty output is bounded; (2) clean output grows endogenously; and (iii) growth in the dirty sector reduces growth in the clean sector. |
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