Pollution Abatement as a Source of Stabilisation and Long-Run Growth
AbstractIn 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 InfoPaper provided by Department of Economics, University of Macedonia in its series Discussion Paper Series with number 2010_13.
Date of creation: Sep 2010
Date of revision: Sep 2010
Growth; Cycles; Enviromental quality; Pollution Abatement.;
Other versions of this item:
- Theodore Palivos & Dimitrios Varvarigos, 2010. "Pollution Abatement as a Source of Stabilisation and Long-Run Growth," Discussion Papers in Economics 11/04, Department of Economics, University of Leicester, revised Oct 2010.
- O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
- 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
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-09-18 (All new papers)
- NEP-DGE-2010-09-18 (Dynamic General Equilibrium)
- NEP-ENE-2010-09-18 (Energy Economics)
- NEP-ENV-2010-09-18 (Environmental Economics)
- NEP-FDG-2010-09-18 (Financial Development & Growth)
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- Aditya Goenka & Saqib Jafarey & William Pouliot, 2012.
"Pollution, Mortality and Optimal Environmental Policy,"
12-05, Department of Economics, University of Birmingham.
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- 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.
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