Quantifying distortions from pollution in a R&D endogenous growth model
نویسندگان
چکیده
منابع مشابه
Quantifying distortions from pollution in a R&D endogenous growth model* Cuantificación de las distorsiones atribuibles a polución en un modelo de crecimiento endógeno con I+D
In this note we study the distortions in an endogenous growth model developed by Grimaud and Tournemaine (2007), where new pieces of knowledge are produced in a R&D sector and used to reduce pollution emissions. Using this model along with a realistic calibration, we conclude that the economy strongly underinvests in R&D, such that the policy maker would need to implement a strong tax-subsidy s...
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ژورنال
عنوان ژورنال: Estudios de economía
سال: 2014
ISSN: 0718-5286
DOI: 10.4067/s0718-52862014000100005