IDEAS home Printed from https://ideas.repec.org/a/ids/ijgenv/v4y2004i1-2-3p38-57.html
   My bibliography  Save this article

Polluting non-renewable resources, tradeable permits and endogenous growth

Author

Listed:
  • Andre Grimaud
  • Luc Rouge

Abstract

We set up an endogenous growth model with vertical innovations in which the use of a non-renewable resource within the production process generates a flow of pollution. This flow negatively affects the dynamics of the stock of environment, which is an argument of the non-separable utility function. We study the general equilibrium effects of an environmental policy consisting in emissions of tradeable permits. In particular, we show that a more stringent policy can lead, by the channel of the permits price dynamics, to more R&D; in all cases it promotes growth.

Suggested Citation

  • Andre Grimaud & Luc Rouge, 2004. "Polluting non-renewable resources, tradeable permits and endogenous growth," International Journal of Global Environmental Issues, Inderscience Enterprises Ltd, vol. 4(1/2/3), pages 38-57.
    • Handle: RePEc:ids:ijgenv:v:4:y:2004:i:1/2/3:p:38-57
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=5283
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. André Grimaud & Luc Rouge, 2008. "Environment, Directed Technical Change and Economic Policy," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 41(4), pages 439-463, December.
    2. Étienne Chantrel & Andre Grimaud & Frederic Tournemaine, 2012. "Pricing Knowledge and Funding Research of New Technology Sectors in a Growth Model," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 14(3), pages 493-520, June.
    3. Bondarev, Anton, 2018. "Heterogeneous R&D spillovers and sustainable growth: Limits to efficient regulation," Working papers 2018/04, Faculty of Business and Economics - University of Basel.
    4. Gray, Elie & Grimaud, André, 2010. "Scope of Innovations, Knowledge Spillovers and Growth," IDEI Working Papers 607, Institut d'Économie Industrielle (IDEI), Toulouse.
    5. Bondarev, Anton & Greiner, Alfred, 2019. "Endogenous Growth And Structural Change Through Vertical And Horizontal Innovations," Macroeconomic Dynamics, Cambridge University Press, vol. 23(1), pages 52-79, January.
    6. Marius Bulearca & Cristian Sima, 2015. "IDENTIFYING THE ENVIRONMENTAL ISSUES IN EXTRACTIVE INDUSTRY (International Conference “EUROPEAN PERSPECTIVE OF LABOR MARKET - INOVATION, EXPERTNESS, PERFORMANCE”)," Institute for Economic Forecasting Conference Proceedings 141102, Institute for Economic Forecasting.
    7. Gray, Elie & Grimaud, André, 2010. "Scope of Innovations, Knowledge Spillovers and Growth," TSE Working Papers 10-161, Toulouse School of Economics (TSE).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijgenv:v:4:y:2004:i:1/2/3:p:38-57. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=14 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.