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dc.contributor.authorDam, Lammertjanen_US
dc.contributor.authorHeijdra, Ben J.en_US
dc.date.accessioned2008-07-22en_US
dc.date.accessioned2009-07-28T08:31:21Z-
dc.date.available2009-07-28T08:31:21Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/26394-
dc.description.abstractWe analyze the effects of socially responsible investment and public abatement on environmental quality and the economy in a continuous-time dynamic growth model featuring optimizing households and firms. Environmental quality is modelled as a renewable resource. Consumers can invest in government bonds or firm equity. Since investors feel partly responsible for environmental pollution when holding firm equity, they require a premium on the return to equity. We show that socially responsible investment behaviour by households partially offsets the positive effects on environmental quality of public abatement policies.en_US
dc.language.isoengen_US
dc.publisherCESifo Münchenen_US
dc.relation.ispartofseriesCESifo working paper 2349en_US
dc.subject.jelH23en_US
dc.subject.jelM14en_US
dc.subject.jelO16en_US
dc.subject.jelO41en_US
dc.subject.jelQ21en_US
dc.subject.ddc330en_US
dc.subject.keywordSocially responsible investmenten_US
dc.subject.keywordeconomic growthen_US
dc.subject.keywordenvironmental economicsen_US
dc.subject.keywordresource dynamicsen_US
dc.subject.keywordstock marketen_US
dc.subject.stwEthische Geldanlageen_US
dc.subject.stwKapitalanlageen_US
dc.subject.stwUmweltbewusstseinen_US
dc.subject.stwUmweltpolitiken_US
dc.subject.stwUmweltschutzinvestitionen_US
dc.subject.stwWirtschaftspolitische Wirkungsanalyseen_US
dc.subject.stwUmweltschutzen_US
dc.subject.stwErneuerbare Ressourcenen_US
dc.subject.stwWachstumstheorieen_US
dc.subject.stwTheorieen_US
dc.titleThe environmental and macroeconomic effects of socially responsible investmenten_US
dc.typeWorking Paperen_US
dc.identifier.ppn572271727en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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