Criado, Carlos Ordás; Valente, Simone; Stengos, Thanasis - CER-ETH Center of Economic Research, Department of … - 2009
The pollution-convergence hypothesis is formalized in a neoclassical growth model with optimal emissions reduction: pollution growth rates are positively correlated with output growth (scale effect) but negatively correlated with emission levels (defensive effect). This dynamic law is...
