Showing 1 - 10 of 4,599
Preserving environmental quality and addressing economic inequality both feature prominently in public discourse … consider interactions with the other. We synthesize theoretical mechanisms that underpin inequality-environment interlinkages … distribution of environmental amenities and dis-amenities is associated with income and wealth, second, how economic inequality …
Persistent link: https://www.econbiz.de/10012694139
We describe a "business as usual" (BAU) economy in which pollution is a by-product of productive activity by the … pollution abatement and finances it via distorting taxes and borrowing on perfect international markets. Pollution levels start … pay off the debt, that too, in finite time. Along the transition, every generation faces less pollution, consumes more and …
Persistent link: https://www.econbiz.de/10011522140
in a continuous-time dynamic growth model featuring optimizing households and firms. Environmental quality is modelled as … for environmental pollution when holding firm equity, they require a premium on the return to equity. We show that … public abatement policies. -- Socially responsible investment ; economic growth ; environmental economics ; resource dynamics …
Persistent link: https://www.econbiz.de/10003730310
We study optimal pollution abatement under a mixed oligopoly game when firms engage in emissions-reducing R&D that is … certain conditions, the optimal pollution tax is positive; otherwise, the tax reverts to a subsidy. Comparing mixed and …
Persistent link: https://www.econbiz.de/10011800081
slower along the SO balanced growth path (BGP) than along the LF BGP, while people's well-being is greater along the former …. Therefore, green policies driving the economy along its OP tend to reduce GDP growth. Under the second hypothesis, LF may lead … to a "climate catastrophe" by determining unbounded growth, which - without incentives to invest in green technology …
Persistent link: https://www.econbiz.de/10012803772
evidence that power plants spend less in water pollution abatement if the governor of the state where the plant is located is a … leads to increased pollution. …
Persistent link: https://www.econbiz.de/10011547829
We scrutinize Thomas Piketty's (2014) theory concerning the relationship between an economy's long-run growth rate, its … of Piketty's Second Fundamental Law of Capitalism does not hold. In line with Piketty's theory a smaller long-run growth …, both the economy's savings rate and its growth rate are endogenous variables whereas in Piketty's theory they are both …
Persistent link: https://www.econbiz.de/10011568791
growth regimes. This is shown in an overlapping generations model with two-period lived individuals endowed with Boppart …-Krusell preferences (Boppart and Krusell (2020)). On the supply side, economic growth is due to the expansion of consumption … may fluctuate between two growth regimes, one with and the other without an active research sector. Fluctuations affect …
Persistent link: https://www.econbiz.de/10012499514
Firms in developed countries face increasing shortages of young workers. This paper studies the importance of young workers, particularly vocational trainees, for firm technology investments. Leveraging exogenous variation in trainee supply caused by an education reform in Germany in 2001, I...
Persistent link: https://www.econbiz.de/10015125220
We develop a simple model of managing a system subject to pollution damage under risk of an abrupt and random jump in …. -- environmental pollution ; optimal management ; catastrophic transitions ; uncertainty ; adaptation ; mitigation …
Persistent link: https://www.econbiz.de/10009489041