Endogenous growth and environmental policy

C.A.A.M. Withagen, N. Vellinga

Research output: Contribution to journalArticleAcademicpeer-review

4 Citations (Scopus)

Abstract

This paper examines the relationship between environmental policy and growth, from the perspective of endogenous growth theory. In particular three standard endogenous growth models are supplemented with environmental issues, such as pollution and exhaustibility of natural resources. It is found that these new elements may affect the long run growth rates, but this is not a universal outcome. One consequence for economic policy is that optimal taxation to realize a social optimum should take account of environmental issues.
Original languageEnglish
Pages (from-to)92-109
JournalGrowth and Change
Volume32
Issue number1
DOIs
Publication statusPublished - 2001

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