Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: http://hdl.handle.net/10419/28168
Autoren: 
Baumgärtner, Stefan
Jöst, Frank
Winkler, Ralph
Datum: 
2007
Schriftenreihe/Nr.: 
Working Paper Series in Economics No. 50
Zusammenfassung: 
We analyze the optimal dynamic scale and structure of a two-sectoreconomy, where each sector produces one consumption good and one specific pollutant. Both pollutants accumulate at di_erent rates to stocks which damage the natural environment. This acts as a dynamic driving force for the economy. Our analysis shows that along the optimal time-path (i) the overall scale of economic activity may be less than maximal; (ii) the time scale of economic dynamics (change of scale and structure) is mainly determined by the lifetime of pollutants, their harmfulness and the discount rate; and (iii) the optimal control of economic scale and structure may be non-monotonic. These results raise important questions about the optimal design of environmental policies.- Ökonomie <Begriff> , Ökologie , Emission , Wertpapieremission, dynamic economy-environment interaction , multi-pollutant emissions , non-monotonic control , optimal scale , stock pollution
JEL: 
Q20
O10
O41
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
413.12 kB





Publikationen in EconStor sind urheberrechtlich geschützt.