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Pollution Permits and Sustabinable Growth in a Schumpeterian Model

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Author Info
Grimaud, A.
Abstract

In the chapter 4 of their book "Endogenous Growth Theory", P. Aghion and P. Howitt introduce environemental pollution in an aggregate Schumpeterian model and they characterize the optimal path. In this paper , we study the equilibria in a decentralized compatible with their model. First study the trade-off between environmental quality and growth, and we identify the channels of transmission of environmental policy on growth performance. Then we compute the tools which allow to implement the optimum.

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Publisher Info
Paper provided by Toulouse - GREMAQ in its series Papers with number 98.508.

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Length: 23 pages
Date of creation: 1998
Date of revision:
Handle: RePEc:fth:gremaq:98.508

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Related research
Keywords: POLLUTION ; ECONOMIC GROWTH ; ECONOMIC MODELS;

Find related papers by JEL classification:
C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General
Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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This page was last updated on 2009-12-16.

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