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A Positive Model of Growth and Pollution Controls

Author

Listed:
  • Jones, L.E.
  • Manuelli, R.E.

Abstract

This paper describes a growth model in which pollutants are internal to a jurisdiction. To this end we develop a model of the joint determination of the rate of development of the economy through market interactions and the extent of pollution regulation through collective decision making. We show that depending on the collective decision making mechanism in place, the time path of pollution can display an inverted U shape, a "sideways mirrored" S, or an increasing (but bounded) level over time.

Suggested Citation

  • Jones, L.E. & Manuelli, R.E., 1997. "A Positive Model of Growth and Pollution Controls," Working papers 9513r, Wisconsin Madison - Social Systems.
  • Handle: RePEc:att:wimass:9513r
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    References listed on IDEAS

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    More about this item

    Keywords

    POLLUTION ; ECONOMIC GROWTH ; MODELS ; ENVIRONMENT;
    All these keywords.

    JEL classification:

    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
    • Q29 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Other
    • Q30 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - General
    • Q39 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Other

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