Consulta: subjectFacets:"Overlapping Generations"
Registros recuperados: 5
Data/hora: 05/06/2024 06:27:39

Environmental Policy, Education and Growth: A Reappraisal when Lifetime Is Finite
Provedor de dados: 31
Autores: Pautrel,   Xavier.
This article demonstrates that when finite lifetime is introduced in a Lucas (1988) growth model, the environmental policy may enhance growth both in the short- and the long-run, while pollution does not influence educational activities, labor supply is not elastic and human capital does not enter the utility function. This is because finite lifetime and the appearance of newborns at each date creates a turnover of generations which disconnects the aggregate consumption growth to the interest rate. We show that the shorter is the horizon, the greater the effect of the environmental policy on growth, because the higher the “generational turnover effect”. We also demonstrate that when time is not the single production factor in education, the environmental...
Tipo: Working or Discussion Paper
Palavras-chave: Growth; Environment; Overlapping Generations; Human Capital; C; O.
Ano: 2008
URL: http://purl.umn.edu/42146

The Environmental Kuznets Curve in a World of Irreversibility
Provedor de dados: 31
Autores: Prieur,   Fabien.
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....
Tipo: Working or Discussion Paper
Palavras-chave: Overlapping Generations; Irreversible Pollution; Poverty Trap; Environmental Kuznets Curve; Environmental Economics and Policy; Q56; D62; D91.
Ano: 2007
URL: http://purl.umn.edu/9546

Environmental Policy, Education and Growth with Finite Lifetime: the Role of Abatement Technology
Provedor de dados: 31
Autores: Pautrel,   Xavier.
This note shows that the assumptions about the abatement technology modify the impact of the environmental taxation (both the size and the “direction”) on the long-run growth driven by human capital accumulation à la Lucas (1988), when the source of pollution is private consumption and lifetime is finite. When the human capital’s share in the abatement services production is higher (respectively lower) than in the final output production, a higher environmental tax reduces (resp. increases) the allocation of human capital in production sectors (abatement service and final output) and boostes (resp. decreases) the BGP rate of growth. When abatement services are produced with the final output, the environmental taxation does not influence growth.
Tipo: Working or Discussion Paper
Palavras-chave: Growth; Environment; Overlapping Generations; Human capital; Finite Lifetime; Abatement; Environmental Economics and Policy; Q5.
Ano: 2010
URL: http://purl.umn.edu/91003

Health-enhancing Activities and the Environment: How Competition for Resources makes the Environmental Policy Beneficial
Provedor de dados: 31
Autores: Pautrel,   Xavier.
In a two-period overlapping generations model, this paper demonstrates that the relationship between the environmental taxation and the economic activity (level- and growth-output) becomes inverted-U shaped, when the detrimental impact of pollution on health and the private decision of each working-age agent to improve her health are taken into account. Especially, a tighter environmental tax is more likely to promote (rather than to harm) output-level and –growth when health is very sensitive to pollution, the weight of health in preferences is high, the polluting capacity of the production technology is high and the rate of natural purification of pollutants is low. The inverted-U shaped relationship between the environmental tax and the economic...
Tipo: Working or Discussion Paper
Palavras-chave: Growth; Environment; Health; Overlapping Generations; Environmental Economics and Policy; Q5.
Ano: 2009
URL: http://purl.umn.edu/55832

Abatement Technology and the Environment-Growth Nexus with Education
Provedor de dados: 31
Autores: Pautrel,   Xavier.
This article challenges the conventional result that a tighter environmental tax has no long-run effect on human capital accumulation in the presence of pollution arising from final output production. It demonstrates that the technology used in the abatement sector determines the existence and the direction of the growth-effect. A tighter environmental tax rises (respectively reduces) human capital accumulation in the presence of pollution arising from final production, if the abatement sector is relatively more intensive in human (resp. physical) capital than final sector. That result always holds for finite lifetime but for infinite lifetime it only holds when labor supply is endogenous. The transitional impact of a tighter environmental policy is also...
Tipo: Working or Discussion Paper
Palavras-chave: Growth; Environment; Overlapping Generations; Human Capital; Abatement; Research and Development/Tech Change/Emerging Technologies; Q5; Q58.
Ano: 2011
URL: http://purl.umn.edu/101379