Environmental Regulation And Economic Growth Under Education Externalities
AbstractUsing an extension of Lucas¡¯ model of endogenous growth with education externality, we show that an environmental tax may increase growth. This is because the tax makes physical capital accumulation less attractive, thereby correcting for the underinvestment by agents in human capital.
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Bibliographic InfoArticle provided by Chung-Ang Unviersity, Department of Economics in its journal Journal Of Economic Development.
Volume (Year): 31 (2006)
Issue (Month): 1 (June)
Regulation; Environment; Growth; Human Capital;
Other versions of this item:
- Paul Makdissi & Quentin Wodon, 2002. "Environmental Regulation and Economic Growth under Education Externalities," Cahiers de recherche 02-12, Departement d'Economique de la Faculte d'administration à l'Universite de Sherbrooke, revised 2004.
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
- O13 - Economic Development, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
- Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy
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