G2TT
来源类型FEEM working papers "Note di lavoro" series
规范类型论文
Endogenous Growth and Negative Externalities
Stefano Bartolini; Luigi Bonatti
发表日期1999
出处Economy and Society
出版年1999
语种英语
摘要In this paper, the expansion of private production erodes the quality of commonly owned goods, thereby forcing individuals to rely increasingly on private goods to satisfy their needs. In the face of this deterioration, households keep their labour supplies and saving rates relatively high in spite of their increasing private wealth. By so doing, each household contributes to an increase in production and thus has a detrimental--though negligible--impact on commonly owned goods. Perpetual growth is the outcome of this self-fuelling process. Since long-run growth results from a co-ordination failure, it may be higher than socially desirable.
特色分类O40,Q20
关键词Common property,defensive expenditure,co-ordination failure,undesirable growth,environmental assets,social assets,substitution process,self-fuelling process
URLhttps://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/endogenous-growth-and-negative-externalities/
来源智库Fondazione Eni Enrico Mattei (Italy)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/116483
推荐引用方式
GB/T 7714
Stefano Bartolini,Luigi Bonatti. Endogenous Growth and Negative Externalities. 1999.
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