| Tekijä: | Bovenberg, A. Smulders, S. |
| Otsikko: | Transitional impacts of environmental policy in an endogenous growth model |
| Lehti: | International Economic Review
1996 : NOV, VOL. 37:4, p. 861-894 |
| Asiasana: | GROWTH POLICY ENVIRONMENT |
| Kieli: | eng |
| Tiivistelmä: | To explore the link between a tighter environmental policy and economic growth , the authors employ an endogenous growth model with endogenous technological progress in abatement technologies. The environment, which is modelled as a renewable resource, acts both as a public consumption good and as a public input into production. The entire transition towards a new-balanced growth path after a tightening of environmental policy is computed analytically. The authors find sharp contrasts between short-run and long-run effects. |
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