Lieb, Christoph - In: Environmental & Resource Economics 29 (2004) 4, pp. 483-506
lets stock pollution grow with income. In contrast, the flow pollutant follows an EKC whose downturn might be caused by the … neglect of future damages and by ever rising stock pollution: Without the stock pollutant the PIR for the flow pollutant can … and of flow pollution if stock pollution is high and harmful. This casts doubts on most empirical EKC studies because they …