Environmental Policy in an Endogenous Growth Model with Expanding Variety
نویسندگان
چکیده
منابع مشابه
Stochastic Pollution in an Endogenous Growth Model: Environmental Care and Optimal Fiscal Policy
This paper analyzes the impact of pollution and abatement policy within a stochastic endogenous growth model. The agents have environmental preferences, but they neglect their individual contribution to aggregate abatement. Therefore, environmental care is done by the government and financed via income taxation and government bonds. Equilibrium growth depends on environmental preferences, perce...
متن کاملEnvironmental Investment and Policy with Distortionary Taxes and Endogenous Growth
Recent studies consider public R&D spending that affects abatement knowledge and endogenous growth, distortionary taxes that affect physical and human capital formation, pollution taxes that affect environmental degradation, and regeneration that restores natural capital. Our model combines all of those elements. We show how the combination affects results from each prior model, focusing on two...
متن کاملDynamic analysis of patent policy in an endogenous growth model
In this paper, we explore the dynamic properties of an endogenous growth model with finite patent length. We show that there exists a unique equilibrium growth path and that this path exhibits damped oscillations in contrast to the equilibrium path of an endogenous growth model with infinite patent length.We also examine the effects of patent policy on social welfare and show that infinite pate...
متن کاملStochastic Pollution and Environmental Care in an Endogenous Growth Model
The impact of pollution and abatement policy within a stochastic endogenous growth model is analyzed. Environmental care is provided by the government and financed through income taxation and government bonds. Due to environmental preferences and partial perception of the individual’s impact on pollution, government debt influences equilibrium growth. Hence, there is an additional growth effect...
متن کاملGrowth Effects of Fiscal Policy in an Endogenous Growth Model with Productive Public Spending and Pollution
In this paper we present an endogenous growth model with productive government spending and pollution. As to pollution we suppose that it is a by-product of aggregate production and that it negatively affects utility of the household but not production possibilities directly. Analyzing our model it is first shown that for reasonable parameter values there exists a unique balanced growth path wh...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Revue d'économie politique
سال: 2017
ISSN: 0373-2630,2105-2883
DOI: 10.3917/redp.276.1013