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Effect of pollution on the total factor productivity and the Hopf bifurcation

Author

Listed:
  • David Desmarchelier

    (EQUIPPE, University of Lille 1)

Abstract

In a recent contribution, Empora and Mamuneas (2011) find a positive relation between pollution emissions and the total factor productivity (TFP). In the present paper, we show that this positive effect reduces the effect of pollution on the marginal utility of consumption for which a limit cycle occurs.

Suggested Citation

  • David Desmarchelier, 2013. "Effect of pollution on the total factor productivity and the Hopf bifurcation," Economics Bulletin, AccessEcon, vol. 33(3), pages 2328-2339.
  • Handle: RePEc:ebl:ecbull:eb-13-00327
    as

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    References listed on IDEAS

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    4. Cazzavillan, Guido & Lloyd-Braga, Teresa & Pintus, Patrick A., 1998. "Multiple Steady States and Endogenous Fluctuations with Increasing Returns to Scale in Production," Journal of Economic Theory, Elsevier, vol. 80(1), pages 60-107, May.
    5. Wolfram Schlenker & W. Reed Walker, 2016. "Airports, Air Pollution, and Contemporaneous Health," Review of Economic Studies, Oxford University Press, vol. 83(2), pages 768-809.
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    More about this item

    Keywords

    Total factor productivity; Hopf bifurcation;

    JEL classification:

    • E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics

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