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Transitional Impacts of Environmental Policy in an Endogenous Growth Model
Open accessAbstract
To explore the link between a tighter environmental policy and economic growth, the authors employ an endogenous growth model with endogenous technological progress in abatement technologies. The environment, which is modelled as a renewable resource, acts both as a public consumption good and as a public input into production. The entire transition towards a new balanced-growth path after a tightening of environmental policy is computed analytically. The authors find sharp contrasts between short-run and long-run effects. Whereas the level and the growth rate of output may decline in the short run, income growth may improve in the long run. Copyright 1996 by Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association.
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Citations
Cited by
Growth theory and ‘green growth’
Smulders, S., Toman, M., & Withagen, C. (2014) · Oxford Review of Economic Policy · doi:10.1093/oxrep/gru027 · Cited by 168
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Metadata
- Authors
- Bovenberg, A. L., & Smulders, S. A.
- Venue
- International Economic Review
- Publisher
- JSTOR
- Published
- 1996-11
- Volume
- 37
- Issue
- 4
- Pages
- 861
- ISSN
- 0020-6598 (ISSN-L)
- OpenAlex
- W2791736792
- Cited by
- 288
- References
- 0
- FWCI
- 10.07
- Type
- journal article
- Language
- en
- Open access
- green
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- Bovenberg, A. L., & Smulders, S. A. (1996). Transitional Impacts of Environmental Policy in an Endogenous Growth Model. International Economic Review. https://doi.org/10.2307/2527315
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
