Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: http://hdl.handle.net/10419/171627
Autoren: 
Bretschger, Lucas
Karydas, Christos
Datum: 
2017
Reihe/Nr.: 
Economics Working Paper Series 13/184
Zusammenfassung: 
We study the effects of greenhouse gas emissions on optimum growth and environmental policy by using an expansion-in-varieties growth model with polluting non-renewable resources. Climate change harms the capital stock. Our main contribution is to introduce and extensively explore the naturally determined time lag between greenhouse gas emission and the damages due to climate change which proves to be crucial for the transition of the economy towards its steady state. The social optimum and optimal abatement policies are fully characterized. The inclusion of a green technology delays optimal resource extraction. The optimal tax rate on emissions is proportional to output. Poor understanding of the emissions diffusion process leads to suboptimal carbon taxes and suboptimal growth and resource extraction.
Schlagwörter: 
Climate Policy
Non-Renewable Resource Dynamics
Pollution Diffusion Lag
Optimum Growth
JEL: 
Q54
O11
Q52
Q32
Dokumentart: 
Working Paper
Nennungen in sozialen Medien:

Datei(en):
Datei
Größe





Publikationen in EconStor sind urheberrechtlich geschützt.