Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/171477 
Erscheinungsjahr: 
2005
Schriftenreihe/Nr.: 
Economics Working Paper Series No. 04/33
Versionsangabe: 
May 2005
Verlag: 
ETH Zurich, CER-ETH - Center of Economic Research, Zurich
Zusammenfassung: 
We set up a simple dynamic macroeconomic model with (i) polluting consump- tion and a preference for a clean environment, (ii) increasing returns in abate- ment giving rise to an EKC and (iii) sustained growth resulting from a linear final-output technology. The model captures two sorts of market failures caused by external effects associated with consumption and environmental effort. This model is employed to investigate the determinants of the turning point and the (relative) effectiveness of different public policy measures aimed at a reduction of the environmental burden. Moreover, the model offers a potential explana- tion of an N-shaped pollution-income relation. Finally, it is shown that the model is compatible with most empirical regularities on economic growth and the environment.
Schlagwörter: 
Environmental Kuznets Curve
Pollution
Abatement
External Ef- fects
Economic Growth
Public Policy
JEL: 
Q5
O4
Dokumentart: 
Working Paper

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