Local and Global Externalities, Environmental Policies and Growth
AbstractThe paper analyzes the implications of local and global pollution when two types of abatement activities can be undertaken. One type reduces solely local pollution (e.g., use of particulate matter filters) while the other mitigates global pollution as well (e.g., application of fuel saving technologies). In the framework of a 2-country endogenous growth model, the implications of different assumptions about the degree to which global externalities are internalized are analyzed. Subsequently, we derive policy rules adapted to the different scenarios. Special attention is paid to pollution, growth and optimal policy in the case of asymmetric internalization.
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Bibliographic InfoPaper provided by BC3 in its series Working Papers with number 2010-15.
Date of creation: Oct 2010
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Publication status: Published
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Web page: http://www.bc3research.org/
economic growth; global and local externalities; government policies;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-11-13 (All new papers)
- NEP-ENE-2010-11-13 (Energy Economics)
- NEP-ENV-2010-11-13 (Environmental Economics)
- NEP-FDG-2010-11-13 (Financial Development & Growth)
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- Massimiliano Mazzanti & Valeria Costantini & Susanna Mancinelli & Massimilano Corradini, 2011.
"Environmental and Innovation Performance in a Dynamic Impure Public Good Framework,"
201117, University of Ferrara, Department of Economics.
- Massimiliano Corradini & Valeria Costantini & Susanna Mancinelli & Massimiliano Mazzanti, 2011. "Environmental and innovation performance in a dynamic impure public good framework," Departmental Working Papers of Economics - University 'Roma Tre' 0141, Department of Economics - University Roma Tre.
- Grazia Cecere & Susanna Mancinelli & Massimiliano Mazzanti, 2013. "Waste Prevention and Social Preferences: The Role of Intrinsic and Extrinsic Motivations," Working Papers 2013.44, Fondazione Eni Enrico Mattei.
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