Uniqueness and Indeterminacy of Equilibria in a Model with Polluting Emissions

Is pollution a dirty word? To answer this question we develop an endogenous growth model à la Rebelo (1991) where dirtiness becomes a fundamental choice variable for the economy to grow. Conclusions to our analysis say that a positive sustainable economic growth is attainable only if polluting production activities are taken into account. Moreover, transitional dynamics points out that local stability and uniqueness of equilibria are also achieved.

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Year of publication:	2006
Authors:	Bella, Giovanni
Publisher:	Milano : Fondazione Eni Enrico Mattei (FEEM)
Subject:	Environmental quality \| Endogenous economic growth \| Pollution-augmenting technology

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Series:	Nota di Lavoro ; 28.2006
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	516895052 [GVK] hdl:10419/74283 [Handle] RePEc:fem:femwpa:2006.28 [RePEc]
Classification:	O41 - One, Two, and Multisector Growth Models ; Q01 - Sustainable Development ; Q32 - Exhaustible Resources and Economic Development
Source:	EconStor

Persistent link: https://www.econbiz.de/10010312634