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dc.contributor.authorEconomides, Georgeen_US
dc.contributor.authorPhilippopoulos, Apostolisen_US
dc.date.accessioned2009-01-28T15:52:57Z-
dc.date.available2009-01-28T15:52:57Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/18797-
dc.description.abstractThis paper studies the properties of second-best optimal policy in a standard general equilibrium model of growth augmented with renewable natural resources. The government chooses its policy instruments (the income tax rate and the allocation of collected tax revenues between public investment and environmental policy) to solve a Ramsey-type policy problem. The main result is that, the more the citizens care about the environment, the more growth-enhancing policies the government finds it optimal to choose in the long run. This is because when citizens care about the environment, this requires tax revenues for environmental policy and can be only achieved by large tax bases and high growth. Thus, only growing economies can afford to care about the environment. This is the case even if pollution occurs as a by-product of output produced.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesCESifo working papers 1433en_US
dc.subject.jelH23en_US
dc.subject.jelO13en_US
dc.subject.jelQ2en_US
dc.subject.ddc330en_US
dc.subject.keywordsecond-best policyen_US
dc.subject.keywordnatural resourcesen_US
dc.subject.keywordeconomic growthen_US
dc.subject.stwUmweltpolitiken_US
dc.subject.stwWachstumspolitiken_US
dc.subject.stwSecond Besten_US
dc.subject.stwAllgemeines Gleichgewichten_US
dc.subject.stwErneuerbare Ressourcenen_US
dc.subject.stwTheorieen_US
dc.titleShould green governments give priority to environmental policies over growth-enhancing policies?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn485154927en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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