Akao, Ken-Ichi; Managi, Shunsuke - In: International Journal of Global Environmental Issues 6 (2006) 1, pp. 4-28
This paper considers how environmental problems affect economic growth. In order to explain the relationship between … principle on endogenous growth theory, we obtain the following results: where environmental problems are not serious, optimal … degree of their seriousness, beyond which the relationship is reversed, i.e., environmental problems lower optimal economic …