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dc.contributor.authorBertinelli, Luisitoen_US
dc.contributor.authorStrobl, Ericen_US
dc.contributor.authorZou, Bentengen_US
dc.date.accessioned2008-07-24en_US
dc.date.accessioned2011-01-24T10:24:01Z-
dc.date.available2011-01-24T10:24:01Z-
dc.date.issued2005en_US
dc.identifier.piurn:nbn:de:hbz:361-7349en_US
dc.identifier.urihttp://hdl.handle.net/10419/43836-
dc.description.abstractThe relationship between growth and pollution is studied through a vintage capital model, where new technology is more environmentally friendly. We find that once the optimal scrapping age of technologies is reached, an economy may achieve two possible cases of sustainable development, one in which pollution falls and another in which it stabilizes, or a catastrophic outcome, where environmental quality reaches its lower bound. The outcome will depend on countries' investment path and their propensity to innovate in environmentally clean technologies, both of which are likely to differ across economies. Empirical results using long time series for a number of developed and developing countries indeed confirm heterogeneous experiences in the pollution-output relationship.en_US
dc.language.isoengen_US
dc.publisherInst. of Mathematical Economics, IMW Bielefelden_US
dc.relation.ispartofseriesWorking papers // Institute of Mathematical Economics 369en_US
dc.subject.jelO13en_US
dc.subject.jelQ01en_US
dc.subject.jelQ55en_US
dc.subject.ddc330en_US
dc.subject.keywordEnvironmental qualityen_US
dc.subject.keywordSustainable economic developmenten_US
dc.subject.keywordVintage capital modelen_US
dc.subject.keywordEKC (Environmental Kuznets Curve)en_US
dc.subject.stwNachhaltige Entwicklungen_US
dc.subject.stwUmweltbelastungen_US
dc.subject.stwUmwelttechniken_US
dc.subject.stwVintage-Modellen_US
dc.subject.stwEnvironmental Kuznets Curveen_US
dc.subject.stwTheorieen_US
dc.titleSustainable economic development and the environment: Theory and evidenceen_US
dc.typeWorking Paperen_US
dc.identifier.ppn572500777en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Working Papers, Institute of Mathematical Economics, Universität Bielefeld

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