Data/hora: 05/06/2024 04:37:59

Provedor de dados: | 31
País: | United States
Título: | The Environmental Kuznets Curve in a World of Irreversibility
Autores: | Prieur,   Fabien.
Data: | 2007-06-27
Ano: | 2007
Palavras-chave: | Overlapping Generations; Irreversible Pollution; Poverty Trap; Environmental Kuznets Curve; Environmental Economics and Policy; Q56; D62; D91.
Resumo: | We develop an overlapping generations model where consumption is the source of polluting emissions. Pollution stock accumulates with emissions but is partially assimilated by nature at each period. The assimilation capacity of nature is limited and vanishes beyond a critical level of pollution. We first show that multiple equilibria exist. More importantly, some exhibit irreversible pollution levels although an abatement activity is operative. Thus, the simple engagement of maintenance does not necessarily suffice to protect an economy against convergence toward a steady state having the properties of an ecological and economic poverty trap. In contrast with earlier related studies, the emergence of the environmental Kuznets curve is no longer the rule. Instead, we detect a sort of degenerated Environmental Kuznets Curve that corresponds to the equilibrium trajectory leading to the irreversible solution.
Tipo: | Working or Discussion Paper
Idioma: | Inglês

Identificador:

26580

http://purl.umn.edu/9546

Editor: | AgEcon Search

Relação:

Fondazione Eni Enrico Mattei (FEEM)&gt;Climate Change Modelling and Policy Working Papers

CCMP Nota di Lavoro 57.2007

Formato:

37

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