IDEAS home Printed from https://ideas.repec.org/p/hal/journl/hal-01256806.html

Semi-endogenous growth and pollution: No double dividend in the long term

Author

Listed:
  • Pascal da Costa

    (LGI - Laboratoire Génie Industriel - EA 2606 - CentraleSupélec)

Abstract

Literature on endogenous growth shows that a polluting economy can grow sustainably and that a double-dividend (or win-win effect) boosting growth is possible. Even with a semi-endogenous growth approach - which occurs when the knowledge stock yield falls below the unit in the production of innovations - what happens to sustainability and the double dividend? This paper presents the first semi-endogenous growth model with pollution which answers this very question. We first illustrate that the dynamics of this economy can be sustainable even if its long-term growth rate is exogenous. To ensure the latter, a knowledge stock yield that is greater than a certain strictly positive threshold is required. We then demonstrate that the double dividend and the Porter hypothesis are impossible. Indeed, the level of support for innovation has no positive impact on the long-term growth rate, and the environmental policy has a negative effect on growth.

Suggested Citation

  • Pascal da Costa, 2015. "Semi-endogenous growth and pollution: No double dividend in the long term," Post-Print hal-01256806, HAL.
    • Handle: RePEc:hal:journl:hal-01256806
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a
    for a similarly titled item that would be available.

    Other versions of this item:

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:hal-01256806. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.