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The kindergarten rule of sustainable growth

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  • Brock,W.A.
  • Taylor,M.S.

    (University of Wisconsin-Madison, Social Systems Research Institute)

Abstract

The relationship between economic growth and the environment is not well understood: we have only limited understanding of the basic science involved and very limited data. Because of these difficulties it is especially important to develop a series of relatively simple theoretical models that generate stark predictions. This paper presents one such model where societies implement “the Kindergarten rule of sustainable growth.” Following the Kindergarten rule means implementing zero emission technologies in either finite time or asymptotically. The underlying simplicity of the model allows us to provide new predictions linking the path of environmental quality to pollutant characteristics (stocks vs. flows; toxics vs. irritants) and primitives of the economic system. It also provides a novel Environmental Catch-up Hypothesis.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Brock,W.A. & Taylor,M.S., 2003. "The kindergarten rule of sustainable growth," Working papers 8, Wisconsin Madison - Social Systems.
  • Handle: RePEc:att:wimass:20038
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    File URL: http://www.ssc.wisc.edu/econ/archive/wp2003-08.pdf
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    References listed on IDEAS

    as
    1. Lopez Ramon, 1994. "The Environment as a Factor of Production: The Effects of Economic Growth and Trade Liberalization," Journal of Environmental Economics and Management, Elsevier, vol. 27(2), pages 163-184, September.
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    3. Brian R. Copeland & M. Scott Taylor, 2004. "Trade, Growth, and the Environment," Journal of Economic Literature, American Economic Association, pages 7-71.
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    8. Andreoni, James & Levinson, Arik, 2001. "The simple analytics of the environmental Kuznets curve," Journal of Public Economics, Elsevier, pages 269-286.
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    13. John, A & Pecchenino, R, 1994. "An Overlapping Generations Model of Growth and the Environment," Economic Journal, Royal Economic Society, vol. 104(427), pages 1393-1410, November.
    14. McCONNELL, KENNETH E., 1997. "Income and the demand for environmental quality," Environment and Development Economics, Cambridge University Press, vol. 2(04), pages 383-399, November.
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    17. Andreoni, James & Levinson, Arik, 2001. "The simple analytics of the environmental Kuznets curve," Journal of Public Economics, Elsevier, pages 269-286.
    18. Gene M. Grossman & Alan B. Krueger, 1995. "Economic Growth and the Environment," The Quarterly Journal of Economics, Oxford University Press, vol. 110(2), pages 353-377.
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    20. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, pages 3-42.
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    Citations

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    Cited by:

    1. Brock, William A. & Taylor, M. Scott, 2005. "Economic Growth and the Environment: A Review of Theory and Empirics," Handbook of Economic Growth,in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 28, pages 1749-1821 Elsevier.
    2. Maria Cunha-e-Sá & Ana Reis, 2007. "The Optimal Timing of Adoption of a Green Technology," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, pages 35-55.
    3. Andrew Postlewaite & Larry Samuelson & Dan Silverman, 2001. "Consumption Commitments and Preferences for Risk," PIER Working Paper Archive 04-021, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 18 May 2004.
    4. William Brock & M. Taylor, 2010. "The Green Solow model," Journal of Economic Growth, Springer, vol. 15(2), pages 127-153, June.
    5. Brian R. Copeland & M. Scott Taylor, 2004. "Trade, Growth, and the Environment," Journal of Economic Literature, American Economic Association, pages 7-71.
    6. Brock,W.A., 2003. "Tipping points, abrupt opinion changes, and punctuated policy change," Working papers 28, Wisconsin Madison - Social Systems.
    7. Brock,W.A. & Taylor,M.S., 2003. "Economic growth and the environment : matching the stylized facts," Working papers 16, Wisconsin Madison - Social Systems.

    More about this item

    JEL classification:

    • D6 - Microeconomics - - Welfare Economics
    • D7 - Microeconomics - - Analysis of Collective Decision-Making
    • H - Public Economics

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