TY  - GEN
AB  - In this paper we study the impact of environmental pollution in an endogenous
growth model with endogenous structural change. The paper allows for both
horizontal and vertical innovations where newer technologies are less polluting
compared to older ones. The analysis shows that the presence of environmental
externalities stimulates structural change but reduces the growth rate of the
economy. Further, comparing the models with and without structural change
demonstrates that the latter implies stronger environmental damages and, consequently,
a lower growth rate than the first one. Finally, levying a tax on the
polluting output speeds up structural change, thus, reducing environmental pollution
and spurring economic growth.
DA  - 2014
DO  - 10.4119/unibi/2915490
KW  - Environmental Damages
KW  - Endogenous Growth
KW  - Creative Destruction
KW  - Endogenous Structural Change
LA  - eng
PY  - 2014
SN  - 2196-2723
SP  - 24-
TI  - Environmental pollution in a growing economy with endogenous structural change
UR  - https://nbn-resolving.org/urn:nbn:de:0070-pub-29154905
Y2  - 2024-11-22T12:20:01
ER  -