haku: @author Stokey, N. / yhteensä: 2
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| Tekijä: | Stokey, N. |
| Otsikko: | Are there limits to growth? |
| Lehti: | International Economic Review
1998 : FEB, VOL. 39:1, p. 1-32 |
| Asiasana: | ECONOMICS GROWTH INTERNATIONAL |
| Kieli: | eng |
| Tiivistelmä: | A simple theoretical model of pollution is developed that generates an inverted U-shape relationship between per capita income and environmental quality. This model is then used to study long-run growth. The same inverted U-shape is shown to appear in time series, and the prospects for sustained growth are shown to hinge on whether increasingly strict environmental regulation is compatible with a constant rate of return on capital. Implementation is also studied. |
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