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Title:Local and Global Externalities, Environmental Policies, and Growth PDF Logo
Authors:Pittel, Karen
Issue Date:2010
Series/Report no.:Beiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: Endogenous Growth C14-V3
Abstract:The paper analyzes the implications of local and global pollution when two types of abatement activities can be undertaken. One type (e.g., use of particulate matter filters) reduces solely local pollution while the other (e.g., application of fuel saving technologies) mitigates global pollution as well. In the framework of a 2-country endogenous growth model, the implications of different assumptions about the degree to which global externalities are internalized are analyzed. Subsequently, we derive policy rules adapted to the different scenarios as well as to implement the first-best solution. Special attention is paid to pollution, growth and optimal policy in the case of asymmetric internalization.
Subjects:economic growth
global and local externalities
government policies
JEL:O40
Q54
Q53
Document Type:Conference Paper
Appears in Collections:Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie

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