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Pollution Abatement as a Source of Stabilisation and Long-Run Growth

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Abstract

In a two-period overlapping generations model with production, we consider the damaging impact of environmental degradation on health and, consequently, life expectancy. The government’s involvement on policies of environmental preservation proves crucial for both the economy’s short-term dynamics and its long-term prospects. Particularly, an active policy of pollution abatement emerges as an important engine of long-run economic growth. Furthermore, by eliminating the occurrence of limit cycles, pollution abatement is also a powerful source of stabilisation.

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Bibliographic Info

Paper provided by Department of Economics, University of Macedonia in its series Discussion Paper Series with number 2010_13.

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Date of creation: Sep 2010
Date of revision: Sep 2010
Handle: RePEc:mcd:mcddps:2010_13

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Web page: http://www.uom.gr/index.php?tmima=3

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Keywords: Growth; Cycles; Enviromental quality; Pollution Abatement.;

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References

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Citations

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Cited by:
  1. Natacha Raffin & Thomas Seegmuller, 2012. "Longevity, pollution and growth," AMSE Working Papers 1230, Aix-Marseille School of Economics, Marseille, France.
  2. Wang, Min & Zhao, Jinhua & Bhattacharya, Joydeep, 2013. "Optimal Health and Environmental Policies in a Pollution-Growth Nexus," Staff General Research Papers 35994, Iowa State University, Department of Economics.
  3. Natacha Raffin & Thomas Seegmuller, 2012. "Longevity, Pollution and Growth," Working Papers halshs-00793513, HAL.
  4. Aloi, Marta & Tournemaine, Frederic, 2011. "Growth effects of environmental policy when pollution affects health," Economic Modelling, Elsevier, vol. 28(4), pages 1683-1695, July.
  5. Aditya Goenka & Saqib Jafarey & William Pouliot, 2012. "Pollution, Mortality and Optimal Environmental Policy," Discussion Papers 12-05, Department of Economics, University of Birmingham.
  6. Dimitrios Varvarigos, 2013. "Endogenous Cycles and Human Capital," Discussion Papers in Economics 13/18, Department of Economics, University of Leicester.
  7. Natacha Raffin & Thomas Seegmuller, 2012. "Longevity, pollution and growth," Working Papers 1210, Chaire Economie du Climat.

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