| 来源类型 | FEEM working papers "Note di lavoro" series
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| 规范类型 | 论文
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| Neoclassical Growth, Environment and Technological Change: The Environmental Kuznets Curve |
| S.J. Rubio; J.R. García; J.L. Hueso
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| 发表日期 | 2009
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| 出处 | Climate Change and Sustainable Development
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| 出版年 | 2009
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| 语种 | 英语
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| 摘要 | The paper investigates socially optimal patterns of economic growth and environmental quality in a neoclassical growth model with endogenous technological progress. In the model, the environmental quality affects positively not only to utility but also to production. However, cleaner technologies can be used in the economy whether a part of the output is used in environmentally oriented R&D. In this framework, if the initial level of capital is low then the shadow price of a cleaner technology is low relative to the cost of developing it given by the marginal utility of consumption and it is not worth investing in R&D. Thus, there will be a first stage of growth based only on the accumulation of capital with a decreasing environmental quality until the moment that pollution is great enough to make profitable the investment in R&D. After this turning point, if the new technologies are efficient enough, the economy can evolve along a balanced growth path with an increasing environmental quality. The result is that the optimal investment pattern supports an environmental Kuznets curve. |
| 特色分类 | O33;O41;Q55;Q56
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| 关键词 | Neoclassical Growth Model
Endogenous Technological Progress
External Effects
Environmental Kuznets Curve
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| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/neoclassical-growth-environment-and-technological-change-the-environmental-kuznets-curve/
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| 来源智库 | Fondazione Eni Enrico Mattei (Italy)
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/117674
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推荐引用方式
GB/T 7714 |
S.J. Rubio,J.R. García,J.L. Hueso. Neoclassical Growth, Environment and Technological Change: The Environmental Kuznets Curve. 2009.
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