| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w10557 |
| 来源ID | Working Paper 10557 |
| The Green Solow Model | |
| William A. Brock; M. Scott Taylor | |
| 发表日期 | 2004-06-21 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | We demonstrate that a key empirical finding in environmental economics - The Environmental Kuznets Curve - and the core model of modern macroeconomics - the Solow model - are intimately related. Once we amend the Solow model to incorporate technological progress in abatement, the EKC is a necessary by product of convergence to a sustainable growth path. Our amended model, which we dub the Green Solow', generates an EKC relationship between both the flow of pollution emissions and income per capita, and the stock of environmental quality and income per capita. The resulting EKC may be humped shaped or strictly declining. We explain why current methods for estimating an EKC are likely to fail whenever they fail to account for cross-country heterogeneity in either initial conditions or deep parameters. We then develop an alternative empirical method closely related to tests of income convergence employed in the macro literature. Preliminary tests of the model's predictions are investigated using data from OECD countries. |
| 主题 | Macroeconomics ; Macroeconomic Models ; Development and Growth ; Development |
| URL | https://www.nber.org/papers/w10557 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/568186 |
| 推荐引用方式 GB/T 7714 | William A. Brock,M. Scott Taylor. The Green Solow Model. 2004. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w10557.pdf（4594KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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