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Pollution, abatement and balanced growth

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  • Withagen, C.A.A.M.

    (Tilburg University)

Abstract

The analysis of endogenous growth models with pollution often concentrates on steady state trajectories, under the assumption that the steady state is in some sense stable. In the present note we provide examples showing that this issue should be dealt with carefully. We use the Rebelo “Ak” model augmented with a stock of pollutants causing a negative externality. It is found that optimal growth is not necessarily balanced (contrary to the outcome of the standard Rebelo model). Moreover, the existence of the externality may affect long run optimal growth rates. Copyright Kluwer Academic Publishers 1995

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Bibliographic Info

Paper provided by Tilburg University in its series Open Access publications from Tilburg University with number urn:nbn:nl:ui:12-3107031.

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Date of creation: 1995
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Publication status: Published in Environmental and Resource Economics (1995) v.5, p.1-8
Handle: RePEc:ner:tilbur:urn:nbn:nl:ui:12-3107031

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Web page: http://www.tilburguniversity.edu/

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  1. Brock, William A. & Scheinkman, JoseA., 1976. "Global asymptotic stability of optimal control systems with applications to the theory of economic growth," Journal of Economic Theory, Elsevier, Elsevier, vol. 12(1), pages 164-190, February.
  2. Ploeg, F. van der & Withagen, C.A.A.M., 1991. "Pollution control and the Ramsey problem," Open Access publications from Tilburg University, Tilburg University urn:nbn:nl:ui:12-3107039, Tilburg University.
  3. Huijberts, H. & Withagen, C.A.A.M., 1992. "Local asymptotic stability of optimal steady states," Open Access publications from Tilburg University, Tilburg University urn:nbn:nl:ui:12-3107037, Tilburg University.
  4. Barro, Robert J., 1990. "Government Spending in a Simple Model of Endogeneous Growth," Scholarly Articles 3451296, Harvard University Department of Economics.
  5. Bovenberg, A.L. & Smulders, S., 1993. "Environmental Quality and Pollution-Saving Technological Change in Two- Sector Endogenous Growth Model," Papers, Tilburg - Center for Economic Research 9321, Tilburg - Center for Economic Research.
  6. Smulders, Sjak & Gradus, Raymond, 1996. "Pollution abatement and long-term growth," European Journal of Political Economy, Elsevier, Elsevier, vol. 12(3), pages 505-532, November.
  7. Romer, Paul M, 1986. "Increasing Returns and Long-run Growth," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 94(5), pages 1002-37, October.
  8. Sergio T. Rebelo, 1990. "Long Run Policy Analysis and Long Run Growth," NBER Working Papers 3325, National Bureau of Economic Research, Inc.
  9. Raymond Gradus & Sjak Smulders, 1993. "The trade-off between environmental care and long-term growth—Pollution in three prototype growth models," Journal of Economics, Springer, Springer, vol. 58(1), pages 25-51, February.
  10. Marrewijk , C. van & Vries, C.G. de & Withagen, C.A.A.M., 1992. "Optimal localized production experience and schooling," Open Access publications from Tilburg University, Tilburg University urn:nbn:nl:ui:12-3107035, Tilburg University.
  11. van der Ploeg, Frederick & Alogoskoufis, George S, 1994. "Money and Endogenous Growth," Journal of Money, Credit and Banking, Blackwell Publishing, Blackwell Publishing, vol. 26(4), pages 771-91, November.
  12. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, Elsevier, vol. 22(1), pages 3-42, July.
  13. Keeler, Emmett & Spence, Michael & Zeckhauser, Richard, 1972. "The optimal control of pollution," Journal of Economic Theory, Elsevier, Elsevier, vol. 4(1), pages 19-34, February.
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Cited by:
  1. Qi, Shunrong & Coggins, Jay S. & Xu, Lan, 2001. "Methodology For Integrated Environmental-Economic Analysis Of Gdp And Productivity," 2001 Annual meeting, August 5-8, Chicago, IL, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) 20682, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  2. Qi, Shunrong & Xu, Lan & Coggins, Jay S., 2001. "Integrated Environmental-Economic Accounting Of Gdp," 2001 Annual meeting, August 5-8, Chicago, IL, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) 20582, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  3. Begoña Casino, 1999. "- Kuznets Curve And Transboundary Pollution," Working Papers. Serie EC, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) 1999-20, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  4. Hans-Werner Sinn, 2007. "Pareto Optimality in the Extraction of Fossil Fuels and the Greenhouse Effect: A Note," CESifo Working Paper Series 2083, CESifo Group Munich.
  5. Lucas Bretschger & Nujin Suphaphiphat, 2012. "Use Less, Pay More: Can Climate Policy Address the Unfortunate Event for Being Poor?," CER-ETH Economics working paper series, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich 12/166, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
  6. Reis, Ana Balcao, 2001. "Endogenous Growth and the Possibility of Eliminating Pollution," Journal of Environmental Economics and Management, Elsevier, vol. 42(3), pages 360-373, November.
  7. Shunli Wang & Henri L.F. de Groot & Peter Nijkamp & Erik T. Verhoef, 2009. "Global and Regional Impacts of the Clean Development Mechanism," Tinbergen Institute Discussion Papers, Tinbergen Institute 09-045/3, Tinbergen Institute.
  8. Raouf Boucekkine & Natali Hritonenko & Yuri Yatsenko, 2011. "Sustainable growth under pollution quotas: optimal R&D, investment and replacement policies," Working Papers, HAL halshs-00632887, HAL.
  9. Cameron Hepburn & Alex Bowen, 2012. "Prosperity with growth: Economic growth, climate change and environmental limits," Grantham Research Institute on Climate Change and the Environment Working Papers, Grantham Research Institute on Climate Change and the Environment 93, Grantham Research Institute on Climate Change and the Environment.
  10. Alexander Pfaff & Shubham Chaudhuri & Howard Nye, 2004. "Household Production and Environmental Kuznets Curves – Examining the Desirability and Feasibility of Substitution," Environmental & Resource Economics, European Association of Environmental and Resource Economists, European Association of Environmental and Resource Economists, vol. 27(2), pages 187-200, February.
  11. Dinda, Soumyananda, 2005. "A theoretical basis for the environmental Kuznets curve," Ecological Economics, Elsevier, Elsevier, vol. 53(3), pages 403-413, May.
  12. Lucas Bretschger & Alexandra Vinogradova, 2014. "Growth and Mitigation Policies with Uncertain Climate Damage," CEEES Paper Series CE3S-02/14, European University at St. Petersburg, Department of Economics.
  13. Travaglini, Giuseppe & Saltari, Enrico, 2012. "A model of waste control and abatement capital: Permanent versus temporary environmental policies," MPRA Paper 36522, University Library of Munich, Germany.
  14. Xepapadeas, Anastasios, 2005. "Economic growth and the environment," Handbook of Environmental Economics, Elsevier, in: K. G. Mäler & J. R. Vincent (ed.), Handbook of Environmental Economics, edition 1, volume 3, chapter 23, pages 1219-1271 Elsevier.
  15. Enrico Saltari & Giuseppe Travaglini, 2013. "Optimal Waste Control with Abatement and Productive Capital Stocks," Working Papers, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini 1301, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini, revised 2013.

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