Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/222585 
Erscheinungsjahr: 
2020
Schriftenreihe/Nr.: 
Economics Working Paper Series No. 20/330
Verlag: 
ETH Zurich, CER-ETH - Center of Economic Research, Zurich
Zusammenfassung: 
This paper argues that the joint relation between long-term orientation, environmental quality and innovation plays a key role in explaining environment-poverty traps. Based on empirical observations, we allow for the subjective discount rate to negatively depend on environmental quality in an R&D-driven endogenous growth model with local pollution externalities. Our model reconciles two empirical facts: i) multiple equilibria of economic and environmental development; ii) opposite responses to technological improvements depending on the initial equilibrium. Our results suggest that - in addition to traditional policies such as development aid and technology transfer - policies that aim at improving both the economic and the environmental dimension of sustainability, should also focus on changing individuals' long-term views in countries that face weak environmental conditions.
Schlagwörter: 
endogenous growth
innovation
time preference
environmental poverty traps
economic poverty traps
JEL: 
D90
E21
O13
O44
Q55
Q56
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
1.05 MB





Publikationen in EconStor sind urheberrechtlich geschützt.