Education and the Political Economy of Environmental Protection
AbstractWe develop a political economy model that might explain the different environmental performance of countries, through educational choices. Individuals decide whether to invest in additional education according to their expectations regarding future environmental quality. They also vote on a tax that will be exclusively used to finance environmental protection. We show that the model may generate multiple equilibria and agents' expectations may be self-fulfilling when the public policy is endogenous. Then, we analyse the long-term implications of a public policy that would favour education and make it possible to select the higher equilibrium.
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Bibliographic InfoPaper provided by HAL in its series Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) with number halshs-00492178.
Date of creation: May 2010
Date of revision:
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Environmental quality; human capital; education; self-fulfilling prophecies; public policy.;
Other versions of this item:
- Natacha Raffin, 2010. "Education and the Political Economy of Environmental Protection," Documents de travail du Centre d'Economie de la Sorbonne, UniversitÃ© PanthÃ©on-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne 10042, UniversitÃ© PanthÃ©on-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
- I28 - Health, Education, and Welfare - - Education - - - Government Policy
- H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
- O16 - Economic Development, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
- O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
- Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- Multiple equilibria in environmental policy
by Economic Logician in Economic Logic on 2010-07-02 14:21:00
- Emeline Bezin, 2013. "The dynamics of environmental concern and the evolution of pollution," Working Papers SMART - LERECO, INRA UMR SMART 13-09, INRA UMR SMART.
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