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Titel
Environmental pollution in a growing economy with endogenous structural change / Anton Bondarev, Alfred Greiner
VerfasserBondarev, Anton ; Greiner, Alfred
ErschienenBielefeld, Germany : Universität Bielefeld, Faculty of Business Administration and Economics, June 2014
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Elektronische Ressource
Umfang1 Online-Ressource (23 Seiten) : Diagramme
SerieWorking papers in economics and management ; No. 07-2014
URNurn:nbn:de:hbz:6:2-127760 
DOI10.4119/unibi/2915490 
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Environmental pollution in a growing economy with endogenous structural change [0.32 mb]
Zusammenfassung

In this paper we study the impact of environmental pollution in an endogenous growth model with endogenous structural change. The paper allows for both horizontal and vertical innovations where newer technologies are less polluting compared to older ones. The analysis shows that the presence of environmental externalities stimulates structural change but reduces the growth rate of the economy. Further, comparing the models with and without structural change demonstrates that the latter implies stronger environmental damages and, consequently, a lower growth rate than the first one. Finally, levying a tax on the polluting output speeds up structural change, thus, reducing environmental pollution and spurring economic growth.

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