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Can education be good for both growth and the environment?

Author

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  • BRECHET, Thierry

    (Université catholique de Louvain (UCL). Center for Operations Research and Econometrics (CORE))

  • PRIEUR, Fabien

Abstract

We develop an overlapping generations model of growth and the environment with public policy on education. Beyond the traditional mechanisms through which knowledge, growth and the environment interplay, we stress out the role played by education on environmental awareness. Assuming first that environmental awareness is constant, we show the existence of a balanced growth path along which environmental quality increases continually. Then, if education enhances environmental awareness, the equilibrium properties are modi?ed: the economy can reach a steady state or converge to an asymptotic balanced growth path. Therefore, education does not necessarily promote sustained and sustainable growth.

Suggested Citation

  • BRECHET, Thierry & PRIEUR, Fabien, 2009. "Can education be good for both growth and the environment?," LIDAM Discussion Papers CORE 2009019, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  • Handle: RePEc:cor:louvco:2009019
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    File URL: https://sites.uclouvain.be/core/publications/coredp/coredp2009.html
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    Cited by:

    1. Karine Constant & Marion Davin, 2014. "Environmental Policy and Growth in a Model with Endogenous Environmental Awareness," AMSE Working Papers 1405, Aix-Marseille School of Economics, France, revised Mar 2014.
    2. Takumi Motoyama, 2016. "From Physical to Human Capital Accumulation with Pollution," Discussion Papers in Economics and Business 16-03, Osaka University, Graduate School of Economics.
    3. Xu, Yong & Li, Shanshan & Zhou, Xiaoxiao & Shahzad, Umer & Zhao, Xin, 2022. "How environmental regulations affect the development of green finance: Recent evidence from polluting firms in China," Renewable Energy, Elsevier, vol. 189(C), pages 917-926.
    4. Fabien Prieur & Benteng Zou, 2017. "On the impact of indirect competition for political influence on environmental policy," DEM Discussion Paper Series 17-16, Department of Economics at the University of Luxembourg.
    5. Le Coent, Philippe & Préget, Raphaële & Thoyer, Sophie, 2017. "Compensating Environmental Losses Versus Creating Environmental Gains: Implications for Biodiversity Offsets," Ecological Economics, Elsevier, vol. 142(C), pages 120-129.
    6. Chu, Hsun & Lai, Ching-chong & Liao, Chih-hsing, 2016. "A Note On Environment-Dependent Time Preferences," Macroeconomic Dynamics, Cambridge University Press, vol. 20(6), pages 1652-1667, September.
    7. Schumacher, Ingmar & Zou, Benteng, 2015. "Threshold preferences and the environment," Journal of Mathematical Economics, Elsevier, vol. 60(C), pages 17-27.
    8. Schumacher, Ingmar, 2015. "The endogenous formation of an environmental culture," European Economic Review, Elsevier, vol. 76(C), pages 200-221.
    9. Andrea Caravaggio & Mauro Sodini, 2020. "Local Environmental Quality and Heterogeneity in an OLG Agent-Based Model with Network Externalities," Discussion Papers 2020/257, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy.
    10. Prieur, Fabien & Zou, Benteng, 2018. "Climate politics: How public persuasion affects the trade-off between environmental and economic performance," Mathematical Social Sciences, Elsevier, vol. 96(C), pages 63-72.
    11. Thierry Bréchet & Natali Hritonenko & Yuri Yatsenko, 2013. "Adaptation and Mitigation in Long-term Climate Policy," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 55(2), pages 217-243, June.
    12. Constant, Karine & Davin, Marion, 2019. "Environmental Policy And Growth When Environmental Awareness Is Endogenous," Macroeconomic Dynamics, Cambridge University Press, vol. 23(3), pages 1102-1136, April.
    13. repec:ipg:wpaper:15 is not listed on IDEAS
    14. Mattauch, Linus & Hepburn, Cameron, 2016. "Climate policy when preferences are endogenous – and sometimes they are," INET Oxford Working Papers 2016-04, Institute for New Economic Thinking at the Oxford Martin School, University of Oxford.
    15. repec:ipg:wpaper:13 is not listed on IDEAS

    More about this item

    Keywords

    overlapping generations; public education; environmental maintenance; green awareness; sustainable growth;
    All these keywords.

    JEL classification:

    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • D62 - Microeconomics - - Welfare Economics - - - Externalities
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making

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