Economic growth and polluting resources: Market equilibrium and optimal policies

• Tipo: Artigo em Revista Científica Internacional
• Data: 2013

Autores

S. Silva (Autor) Outra; Isabel Soares (Autor) FEP; Óscar Afonso (Autor) FEP

Revista

Título: Economic Modelling

Vol. 30

Páginas: 825-834

ISSN: 0264-9993

Editora: Elsevier

Indexação

ISI Web of Knowledge - 8 Citações

ISI Web of Science

Scopus - 7 Citações

Econlit

Classificação Científica

FOS: Ciências sociais > Economia e gestão

Outras Informações

ID Authenticus: P-002-1GV

DOI: 10.1016/j.econmod.2012.10.014

Abstract (EN): This paper develops an endogenous growth model to study the decentralized equilibrium and the optimum conditions in an economy which uses polluting resources. The model includes two policy instruments, a subsidy to final consumption and an emissions tax. It also considers two forms of endogenous technical change, pollution-reducing knowledge and horizontal innovation. We show that, if the efficiency of knowledge to reduce emissions is sufficiently high, a higher output is compatible with lower emissions in both levels and growth rates. Additionally, if the two instruments are used together the economy may achieve a higher output and lower emissions since the subsidy may offset, at least partially, the negative tax effects.

Idioma: Inglês

Tipo (Avaliação Docente): Científica

Nº de páginas: 10