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Neoclassical Growth, Environment and Technological Change: The Environmental Kuznets Curve AgEcon
Rubio, S.J.; Garcia, J.R.; Hueso, J.L..
The paper investigates socially optimal patterns of economic growth and environmental quality in a neoclassical growth model with endogenous technological progress. In the model, the environmental quality affects positively not only to utility but also to production. However, cleaner technologies can be used in the economy whether a part of the output is used in environmentally oriented R&D. In this framework, if the initial level of capital is low then the shadow price of a cleaner technology is low relative to the cost of developing it given by the marginal utility of consumption and it is not worth investing in R&D. Thus, there will be a first stage of growth based only on the accumulation of capital with a decreasing environmental quality until...
Tipo: Working or Discussion Paper Palavras-chave: Neoclassical Growth Model; Endogenous Technological Progress; External Effects; Environmental Kuznets Curve; Environmental Economics and Policy; O33; O41; Q55; Q56.
Ano: 2009 URL: http://purl.umn.edu/56221
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Estimating Tourist Externalities on Residents: A Choice Modeling Approach to the Case of Rimini AgEcon
Figini, Paolo; Castellani, Massimiliano; Vici, Laura.
During their holidays, tourists produce direct and indirect effects on local residents, which can either be positive or negative. In this paper we investigate how residents of Rimini, a popular Italian seaside resort hosting more than ten million national and foreign overnight stays every year, internalise such effects. We use a stated preference approach and, in particular, a discrete choice modelling technique; within this framework, we are able to test some conjectures about residents’ welfare, by measuring their willingness to pay for alternative scenarios regarding the use of the territory. Tourist policies and public investments in the destination affect residents’ welfare, and our results might suggest areas of potential synergies and trade-off,...
Tipo: Working or Discussion Paper Palavras-chave: Tourism; External Effects; Discrete Choice Modelling; Resource /Energy Economics and Policy; Q56; L83; C25.
Ano: 2007 URL: http://purl.umn.edu/9104
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