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dc.contributor.authorBertinelli, Luisitoen
dc.contributor.authorStrobl, Ericen
dc.contributor.authorZou, Bentengen
dc.date.accessioned2008-07-24-
dc.date.accessioned2011-01-24T10:24:01Z-
dc.date.available2011-01-24T10:24:01Z-
dc.date.issued2005-
dc.identifier.piurn:nbn:de:hbz:361-7349en
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
dc.language.isoengen
dc.publisher|aBielefeld University, Institute of Mathematical Economics (IMW) |cBielefelden
dc.relation.ispartofseries|aWorking Papers |x369en
dc.subject.jelO13en
dc.subject.jelQ01en
dc.subject.jelQ55en
dc.subject.ddc330en
dc.subject.keywordEnvironmental qualityen
dc.subject.keywordSustainable economic developmenten
dc.subject.keywordVintage capital modelen
dc.subject.keywordEKC (Environmental Kuznets Curve)en
dc.subject.stwNachhaltige Entwicklungen
dc.subject.stwUmweltbelastungen
dc.subject.stwUmwelttechniken
dc.subject.stwVintage-Modellen
dc.subject.stwEnvironmental Kuznets Curveen
dc.subject.stwTheorieen
dc.titleSustainable economic development and the environment: Theory and evidence-
dc.typeWorking Paperen
dc.identifier.ppn572500777en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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