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Economic growth with environmental damage and technical progress

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  • Oleg Eismont

Abstract

The papers on economic growth with environmental constraints usually ignore the effect of technical progress, this results in static steady state solutions. This paper examines the problem of optimal economic growth with environmental damage, technical progress taken into account, which produces a steady state solution that corresponds to an equilibrium growth, with non-constant emissions and pollutant stock. As a means of steering the economy along the optimal path, two types of tradeable pollution permits are analyzed. The method of stabilizing the optimal path, leading to a steady state, is suggested. Copyright Kluwer Academic Publishers 1994

Suggested Citation

  • Oleg Eismont, 1994. "Economic growth with environmental damage and technical progress," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 4(3), pages 241-249, June.
    • Handle: RePEc:kap:enreec:v:4:y:1994:i:3:p:241-249
    DOI: 10.1007/BF00692326
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    References listed on IDEAS

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    1. Becker, Robert A., 1982. "Intergenerational equity: The capital-environment trade-off," Journal of Environmental Economics and Management, Elsevier, vol. 9(2), pages 165-185, June.
    2. Bovenberg, A.L. & Smulders, J.A., 1993. "Environmental quality and pollution-saving technological change in a two-sector endogenous growth model," Discussion Paper 1993-21, Tilburg University, Center for Economic Research.
    3. repec:aen:journl:1990v11-02-a03 is not listed on IDEAS
    4. Nordhaus, William D., 1993. "Rolling the 'DICE': an optimal transition path for controlling greenhouse gases," Resource and Energy Economics, Elsevier, vol. 15(1), pages 27-50, March.
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    1. Mª del Pilar Martínez García & Mª del Mar Sánchez de la Vega, 1998. "Crecimiento económico y calidad medioambiental," Estudios de Economia Aplicada, Estudios de Economia Aplicada, vol. 9, pages 103-118, Junio.

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