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endogenous growth model. Individuals take only part of their impact on pollution into account, hence there is a negative … obvious. The time path of pollution as well as the evolution of equilibrium growth are shown to depend crucially on the … externality of capital accumulation on environmental quality. Increasing wealth or increasing pollution enhance green attitude and …
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We study economic growth and pollution control in a model with endogenous rate and direction of technical change …. Economic growth (growth of real GDP) results from growth in the quantity and productivity of polluting intermediates. Pollution … can be controlled by reducing the pollution intensity of a given quantity through costly research (green innovation) and …
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