Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: http://hdl.handle.net/10419/43836
Autoren: 
Bertinelli, Luisito
Strobl, Eric
Zou, Benteng
Datum: 
2005
Reihe/Nr.: 
Working Papers 369
Zusammenfassung: 
The relationship between growth and pollution is studied through a vintage capital model, where new technology is more environmentally friendly. We find that once the optimal scrapping age of technologies is reached, an economy may achieve two possible cases of sustainable development, one in which pollution falls and another in which it stabilizes, or a catastrophic outcome, where environmental quality reaches its lower bound. The outcome will depend on countries' investment path and their propensity to innovate in environmentally clean technologies, both of which are likely to differ across economies. Empirical results using long time series for a number of developed and developing countries indeed confirm heterogeneous experiences in the pollution-output relationship.
Schlagwörter: 
Environmental quality
Sustainable economic development
Vintage capital model
EKC (Environmental Kuznets Curve)
JEL: 
O13
Q01
Q55
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
353.15 kB





Publikationen in EconStor sind urheberrechtlich geschützt.