Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/192098
Authors: 
Rosendahl, Knut Einar
Year of Publication: 
1994
Series/Report no.: 
Discussion Papers No. 114
Publisher: 
Statistics Norway, Research Department, Oslo
Abstract: 
The environmental impacts on an economy is studied over time using endogenous growth theory. Externalities from the environment on production are central in the analysis, and we examine whether an optimal path realizes more rapid economic growth. The paper is mainly focusing on developing countries, where production is largely influenced by the environmental quality. The result of the analysis indicates that the economic growth rate does not depend on the internalization of the environmental externality, but rather on the internalization of the human capital externality. The level of economic activity does, however, generally depend on the internalization of both externalities.
JEL: 
O13
O40
Q20
Document Type: 
Working Paper
Document Version: 
Digitized Version

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