Data/hora: 05/06/2024 18:24:24

Provedor de dados: | 31
País: | United States
Título: | Environment in Three Classes of Endogenous Growth Models
Autores: | Elbasha,   Elamin H.; Roe,   Terry L.
Data: | 2008-01-14
Ano: | 1995
Palavras-chave: | Environmental Economics and Policy; International Development.
Resumo: | The implications of environmental externalities are studied within three classes of endogenous growth models viz. the linear technology models, the human capital models, and the R&amp;D and innovation models. The long-run rate of economic growth changes when environmental extemalities are introduced; the direction of change depends on the severity of extemalities and the intertemporal elasticity of substitution. The presence of environmental externalities cause the decentralized growth rate to diverge from the efficient rate. Which rate is bigger than the other depends, among other things, on the valuation of consumption relative to environmental quality. Several policy changes to align the two paths are discussed. The models are calibrated to U.S. data.
Tipo: | Working or Discussion Paper
Idioma: | Inglês

Identificador:

28225

http://purl.umn.edu/7474

Editor: | AgEcon Search

Relação:

University of Minnesota&gt;Economic Development Center&gt;Bulletins

Bulletin 95-6

Formato:

35

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