Environmental Regulation and Economic Growth under Education Externalities

Using an extension of Lucas' model of endogenous growth with education externality, we show that an environmental tax may increase growth. This is because the tax makes physical capital accumulation less attractive, thereby correcting for the underinvestment by agents in human capital.

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Year of publication:	2002
Authors:	Makdissi, Paul ; Wodon, Quentin
Institutions:	Département d'économique, Faculté d'administration
Subject:	Regulation \| Environment \| Growth \| Human Capital

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Extent:	application/pdf
Series:	Cahiers de recherche.
Type of publication:	Book / Working Paper
Notes:	13 pages
Classification:	O11 - Macroeconomic Analyses of Economic Development ; O13 - Agriculture; Natural Resources; Energy; Environment; Other Primary Products ; Q28 - Government Policy
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005642160