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https://hdl.handle.net/10419/26394
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Dam, Lammertjan | en |
dc.contributor.author | Heijdra, Ben J. | en |
dc.date.accessioned | 2008-07-22 | - |
dc.date.accessioned | 2009-07-28T08:31:21Z | - |
dc.date.available | 2009-07-28T08:31:21Z | - |
dc.date.issued | 2008 | - |
dc.identifier.uri | http://hdl.handle.net/10419/26394 | - |
dc.description.abstract | We analyze the effects of socially responsible investment and public abatement on environmental quality and the economy in a continuous-time dynamic growth model featuring optimizing households and firms. Environmental quality is modelled as a renewable resource. Consumers can invest in government bonds or firm equity. Since investors feel partly responsible for environmental pollution when holding firm equity, they require a premium on the return to equity. We show that socially responsible investment behaviour by households partially offsets the positive effects on environmental quality of public abatement policies. | en |
dc.language.iso | eng | en |
dc.publisher | |aCenter for Economic Studies and ifo Institute (CESifo) |cMunich | en |
dc.relation.ispartofseries | |aCESifo Working Paper |x2349 | en |
dc.subject.jel | H23 | en |
dc.subject.jel | M14 | en |
dc.subject.jel | O16 | en |
dc.subject.jel | O41 | en |
dc.subject.jel | Q21 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Socially responsible investment | en |
dc.subject.keyword | economic growth | en |
dc.subject.keyword | environmental economics | en |
dc.subject.keyword | resource dynamics | en |
dc.subject.keyword | stock market | en |
dc.subject.stw | Ethische Geldanlage | en |
dc.subject.stw | Kapitalanlage | en |
dc.subject.stw | Umweltbewusstsein | en |
dc.subject.stw | Umweltpolitik | en |
dc.subject.stw | Umweltschutzinvestition | en |
dc.subject.stw | Wirtschaftspolitische Wirkungsanalyse | en |
dc.subject.stw | Umweltschutz | en |
dc.subject.stw | Erneuerbare Ressourcen | en |
dc.subject.stw | Wachstumstheorie | en |
dc.subject.stw | Theorie | en |
dc.title | The environmental and macroeconomic effects of socially responsible investment | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 572271727 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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