Economic growth with environmental damage and technical progress
AbstractThe papers on economic growth with environmental constraints usually ignore the effect of technical progress, this results in static steady state solutions. This paper examines the problem of optimal economic growth with environmental damage, technical progress taken into account, which produces a steady state solution that corresponds to an equilibrium growth, with non-constant emissions and pollutant stock. As a means of steering the economy along the optimal path, two types of tradeable pollution permits are analyzed. The method of stabilizing the optimal path, leading to a steady state, is suggested. Copyright Kluwer Academic Publishers 1994
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Bibliographic InfoArticle provided by European Association of Environmental and Resource Economists in its journal Environmental & Resource Economics.
Volume (Year): 4 (1994)
Issue (Month): 3 (June)
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Web page: http://www.springerlink.com/link.asp?id=100263
Economic growth; pollution control; technical progress; tradeable pollution permits; stability;
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