Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/18797 
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dc.contributor.authorEconomides, Georgeen
dc.contributor.authorPhilippopoulos, Apostolisen
dc.date.accessioned2009-01-28T15:52:57Z-
dc.date.available2009-01-28T15:52:57Z-
dc.date.issued2005-
dc.identifier.urihttp://hdl.handle.net/10419/18797-
dc.description.abstractThis paper studies the properties of second-best optimal policy in a standard generalequilibrium model of growth augmented with renewable natural resources. The governmentchooses its policy instruments (the income tax rate and the allocation of collected taxrevenues between public investment and environmental policy) to solve a Ramsey-type policyproblem. The main result is that, the more the citizens care about the environment, the moregrowth-enhancing policies the government finds it optimal to choose in the long run. This isbecause when citizens care about the environment, this requires tax revenues forenvironmental policy and can be only achieved by large tax bases and high growth. Thus,only growing economies can afford to care about the environment. This is the case even ifpollution occurs as a by-product of output produced.en
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x1433en
dc.subject.jelH23en
dc.subject.jelO13en
dc.subject.jelQ2en
dc.subject.ddc330en
dc.subject.keywordsecond-best policyen
dc.subject.keywordnatural resourcesen
dc.subject.keywordeconomic growthen
dc.subject.stwUmweltpolitiken
dc.subject.stwWachstumspolitiken
dc.subject.stwSecond Besten
dc.subject.stwAllgemeines Gleichgewichten
dc.subject.stwErneuerbare Ressourcenen
dc.subject.stwTheorieen
dc.titleShould green governments give priority to environmental policies over growth-enhancing policies?-
dc.typeWorking Paperen
dc.identifier.ppn485154927en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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