Sustainable growth and the environmental Kuznets curve

被引：61
|
作者：
Hartman, R
Kwon, OS
机构：
[1] Univ Washington, Dept Econ, Seattle, WA 98195 USA
[2] Korea Inst Publ Finance, Seoul 138774, South Korea
来源：
JOURNAL OF ECONOMIC DYNAMICS & CONTROL | 2005年 / 29卷 / 10期
关键词：
economic growth; pollution;
D O I：
10.1016/j.jedc.2004.10.001
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper develops an endogenous growth model with pollution and both human and physical capital. Human capital is produced cleanly and physical capital can be used for pollution control. Economic growth is sustainable. In the long run it is optimal for human capital to grow more rapidly than physical capital, output, and consumption, while pollution declines for realistic parameter values. Our results differ sharply from Stokey's result for an AK technology that sustained economic growth is not optimal. The model can generate an environmental Kuznets curve. A pollution tax or a voucher system can implement the Pareto efficiency solution. (c) 2004 Elsevier B.V. All rights reserved.
引用
收藏
页码：1701 / 1736
页数：36
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