Publication: The relationship between environment and growth: a model with externalities due to pollution
Loading...
Files
Official URL
Full text at PDC
Publication Date
1999
Advisors (or tutors)
Editors
Journal Title
Journal ISSN
Volume Title
Publisher
Facultad de Ciencias Económicas y Empresariales. Decanato
Citations
Exportar
Abstract
The goal of this paper is to analyse the relationship between economic growth and environment. We will take into account the neoclassical growth model and we will include the negative externalities on production derived from pollution. In this case, we will be able to study how the basic conclusions of the neoclassical growth model change. The results justi:tY that opposite measures to those defended by traditional neoclassical models must be introduced to improve long term per capita income. These policies must be coordinated with the environmental policy that reduces the negative effects derived from the pollution externalities.
El objetivo fundamental que perseguimos en este trabajo es el de analizar la relación entre crecimiento económico y medio ambiente. Tomaremos como base el modelo de crecimiento neoclásico en el que incorporamos la existencia de externalidades negativas sobre la producción como consecuencia de la contaminación. Ello nos permitirá estudiar como cambian las conclusiones básicas del modelo neoclásico de crecimiento ante la presencia de dichas externlidades: un límite adicional al crecimiento económico y al nivel de renta per cápita alcanzable a largo plazo. Estos resultados justifican la aplicación de una política macroeconómica que, en general, deben tener un signo contrario al enfoque neoclásico tradicional y que debe coordinarse con una necesaria política medioambiental que atenue los efectos negativos de las externalidades por contaminación.
El objetivo fundamental que perseguimos en este trabajo es el de analizar la relación entre crecimiento económico y medio ambiente. Tomaremos como base el modelo de crecimiento neoclásico en el que incorporamos la existencia de externalidades negativas sobre la producción como consecuencia de la contaminación. Ello nos permitirá estudiar como cambian las conclusiones básicas del modelo neoclásico de crecimiento ante la presencia de dichas externlidades: un límite adicional al crecimiento económico y al nivel de renta per cápita alcanzable a largo plazo. Estos resultados justifican la aplicación de una política macroeconómica que, en general, deben tener un signo contrario al enfoque neoclásico tradicional y que debe coordinarse con una necesaria política medioambiental que atenue los efectos negativos de las externalidades por contaminación.
Description
UCM subjects
Keywords
Citation
Aghion, P. and Howitt, P. (1998): Endogenous Growth Theory, The MIT Press, Massachusetts.
Asako, K. (1980): "Economic Growth and Environmental Pollution under the Max-min Principie", Journal of Environmental Economics and Management, 7, pp. 157-183.
Becker, R. A. (1982): "Intergenerational Equity: the Capital-Environment Trade-off", Journal of Environmental Economics and Management, 9, pp. 165-185.
Beltratti, A. (1997): "Growth with natural and environmental resources" in Carraro, C. and Sinisclaco, D. (Eds.), New Directions in the Economic Theory of the Environment, Cambridge University Press, Cambridge.
Booth, D. E. (1998): The Environmental Consequences of Growth, Routledge, London.
Bovenberg, A. L. and Smulders, S. (1995): "Environmental Quality and Pollution-Augmenting Technological Change in a Two-Section Endogenous Growth Model", Journal of Public Economics, 57, pp. 369-391.
Cass, D.(1965): «Optimum Growth in an Aggregative Model of Capital Accumulation». Review of Economic Studies, 32, pp 233-240.
Common, M. S. (1996): Enviral/mental and Resource Economics. An Introduction, London.
Daly, H. E. (1991): Steady State Economics, Island Press, Washington Dasgupta, P. (1993): "Natural resources in an Age of Substitutability", en Kneese, A. V. and Sweeney, J. L. (Eds.), Handbook of Natural Resources and Energy Economics, vol. III, North-Holland, Elsevier.
Dasgupta, P. and Heal, G. (1974): "The Optimal Depletion ofExhaustable Resources", Review of Economic Studies, pp. 3-28.
Dasgupta, P. and Heal, G. (1979): Economic Theory and Exhaustable Resources, Cambridge University Press, Cambridge.
d'Arge, R. C. and Kogiku, K. C. (1973): "Economic Growth and the Environment", Review of Economic Sludies, 40, pp. 61-77.
Fisher, A. (1979): "Measures of Natural Resource Scarcity" in Smith, V. K (Ed.), Scarcity and Growth Reconsidered, Resources for the Future, Johns Hopkins University Press, Baltimore.
Forster, B. (1973): "Optimal Consumption Planing in a Polluted Environment", Economic Record, 49,128,pp.534-545.
Grossman, G.M. and Helpman, E. (1991): Innovation and growth in the global eeollomy, MIT Press, Cambridge.
Grossman, G. M. (1994): "Pollution and Growth: What Do We Know?", in Goldin, I. and Winters, A. (Eds.), The Economics of Sustainable Development, Cambridge University Press, Cambridge.
Grossman, G. M. and Krueger, A. B. (1993): Environmental impacts of a North American Free Trade Agreement", in Garber, P. M. (Ed.), The Mexico-US Free Trade Agreement, MIT Press, Cambridge.
Hartwick, J. M. (1974): "Intergenerational Equity and the Investing of Rents from Exhaustable Resources", American Economic Review, 67, pp. 972-974.
Heal, G. H (1982): "The Use ofCommon Property Resources", in Snúth, V. K. and Krutilla, J. V. (Eds.), Exploralions in Natural Resource Economics, Resources for the Future, Johns Hopkins University Press, Baltimore.
Hettige, H, Lucas, R. E. B. and Wheeler, D. (1992): "The Toxic Intensity ofIndustrial Production: Global Patterns, Trends and Trade Policy", American Economic Review, 82, pp. 478-481.
Holtz-Eakin, D. and Selden, T. M. (1992): "Stoking the Fires? C02 Emissions and Economic Growth", National Bureau of Economic Research, Working Paper, nº 4248.
Keeler, E., Spence, M. and Zeckhauser (1974): "The Optimal Control of Pollution", Journal of Economic Theory, 4, pp. 19-34.
Koopmans, T.C.(1965): "On the Concept of Optimal Economic Growth., en The Econometric Approach to Development Planning. North Holland, Amsterdam.
Krautkraemer, J. A. (1985): "Optimal Growth, Resource Amenities and the Preservation of Natural Environments", Review of Economic Studies, 52, pp. 153-170.
Lucas, R.E. Jr. (1988): "On the mechanics of economic development", Journal of Monetary Economics, 22, pp. 3-42.
Michel, P. and Rotillon, G. (1992): "Pollution's Disutility and Endogenous Growth", Université París I.
O'Brian, (1975): The Classical Economists, Oxford University Press, Oxford.
Plourde, C. G. (1972): "A model of waste accumulation and disposal", Canadian Journal of Economics, 5, 1, pp. 199-225.
Ramsey, F.P. (1928): "A mathematical Theory of Saving». Economic Journal, 38 (152), December, pp. 543-59.
Rebelo, S. (1991): "Long-run policy analysis and long-run growth", Journal of Political Economy, 99, pp. 500-521.
Romer, P.M. (1986): "Increasing retums and long-run growth", Journal of Politieal Economy, 94, pp. 1002-1037.
Romer, P. M. (1987): "Growth based on increasing returns due to specialization", American Economic Review, 77, 2, May, pp. 56-62.
Romer, P.M. (1990): "Endogenous technological change", Journal of Political Economy, 98, pp. 71-102.
Schumpeter, J. A. (1934): The Theory of Economic Development, Harvard University Press, Cambridge.
Schumpeter, J. A. (1950): Capitalism, Socialist, and Democracy, Harper & Row, New York.
Selden, T. and Song, D. (1994): "Environmental Quality and Development: Is There a Kuznets Curve for Air Pollution Emssions?", Journal of Environmental Economics and Management, 27, pp. 147-162.
Shafik, N. (1994): "Economic Development and Environmental Quality: An Econometric Analysis", Oxford Economic Papers, 40, pp. 757-775.
Siebert, H. (1998): Economics olEnvironment, Springer, Berlin.
Solow, R.M. (1956): "A contribution to the theory of economic growth", Quarterly Journal of Economics, pp. 65-94.
Stiglitz, J. (1974): "Growth with exhaustable natural resources: Efficient and optimal growth paths", Review of Economic Studies, pp. 123-137.
Swan, T. R. (1956): «Economic Growth and Capital Accumulation», Economic Record, 32, pp. 334-361.
Tahvonen, O. and Kuuluvainen, J. (1993): "Economic Growth, Pollution and Renewable Resources", Journal of Environmental Economics and Management, 24, pp. 101-118.
Toman, M. A., Pezzey, J. and Krautkraemer, J. (1995): "Neoclassical Economic Growth Theory and Sustainability" in Bromley, D. W. (Ed.), Handbook of Environmental Economics, Basil Blackwell, Oxford.
World Bank (1992): Warld Report, Washington.
Xepapadeas, A. and Amri, E. (1995): "Environmental Quality and Economic Development: Empirical Evidence based on Qualitative Characteristics", Nota di Lavara, Milan.