R&D, human capital and environmental externality in an endogenous growth model
AbstractThis study constructs an endogenous growth model that incorporates the R&D sector, the education sector, and environmental problems. First, environmental impacts are considered. We show that, if government exercises appropriate policies and some parameter restrictions are satisfied, then the per-capita growth rate will become positive in the long run without environmental harm. Secondly, problems related to scale effects are considered. In typical growth models, an economy with a larger population grows faster. However, the scale effect has been rejected by Jones (1995). Our results suggest that the population level does not affect the economic growth rate.
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Bibliographic InfoArticle provided by Inderscience Enterprises Ltd in its journal Int. J. of Global Environmental Issues.
Volume (Year): 6 (2006)
Issue (Month): 1 ()
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Web page: http://www.inderscience.com/browse/index.php?journalID=14
sustainable growth; environmental Kuznets curve; EKC; R&D; research and development; human capital; scale effect; economic growth; endogenous growth; education sector; environmental problems; environmental impact; government policy; environmental policy; population level; growth rate; sustainable development; sustainability.;
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- Carlo Carraro & Enrica De Cian & Massimo Tavoni, 2009.
"Human Capital Formation and Global Warming Mitigation: Evidence from an Integrated Assessment Model,"
CESifo Working Paper Series
2874, CESifo Group Munich.
- Carlo Carraro & Enrica De Cian & Massimo Tavoni, 2009. "Human capital formation and global warming mitigation: evidence from an integrated assessment model," Working Papers 2009_30, Department of Economics, University of Venice "Ca' Foscari".
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