Pollution Permits and Sustainable Growth in a Schumpeterian Model |
| |
Authors: | Andr Grimaud |
| |
Institution: | aGREMAQ and IDEI, Université des Sciences Sociales de Toulouse I, France |
| |
Abstract: | In Chapter 4 of their book (“Endogenous Growth Theory,” MIT Press, Cambridge, MA (1998)), Aghion and Howitt introduce environmental pollution in an aggregate Schumpeterian model and characterize the optimal path. In this paper, we study the equilibria in a decentralized economy compatible with their model. First, we study the trade-off between environmental quality and growth and identify the channels of transmission of environmental policy into growth performance. Then, we compute the levels of the tools which are used to implement the optimum. |
| |
Keywords: | |
本文献已被 ScienceDirect 等数据库收录! |
|