Shieh, Jhy-yuan; Chen, Jhy-hwa; Chang, Shu-hua; Lai, … - In: International Review of Economics & Finance 34 (2014) C, pp. 151-160
This paper develops an endogenous growth model to examine the linkages between environmental consciousness and economic growth. It is found that macroeconomic instability can arise in a simple AK-type growth model when the pollution externality is present only in the agent's utility function. It...