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Phasing Out a Polluting Input
Mälardalen University, School of Business, Society and Engineering, Industrial Economics and Organisation. (Industriell ekonomi och organisation)ORCID iD: 0000-0001-7072-3640
2015 (English)Conference paper, Presentation (Refereed)
Abstract [en]

This paper explores economic policies related to the potential conflict between economic growth and the environment. It applies a model with directed technological change and focuses on the case with low elasticity of substitution between clean and dirty inputs in production. New technology is substituted for the polluting input, which results in a gradual decline in pollution along the optimal long-run growth path. In contrast to some recent work, the era of pollution and environmental policy is here not just a transitory phase in economic development. The optimal policy includes a perpetual subsidy to `green' research. The tax rate of pollution is monotonously increasing, while the pollution tax payments constitute a constant share of income. These policies result in a quite modest growth drag.

Place, publisher, year, edition, pages
2015.
Keyword [en]
Technological Change, Pollution, Energy substitution, Growth drag
National Category
Economics
Research subject
Industrial Economics and Organisations
Identifiers
URN: urn:nbn:se:mdh:diva-29928OAI: oai:DiVA.org:mdh-29928DiVA: diva2:882255
Conference
“Economics of Innovation, Diffusion, Growth and the Environment” 16-18 September 2015 Royal Society of Arts London, United Kingdom
Available from: 2015-12-14 Created: 2015-12-14 Last updated: 2017-09-21Bibliographically approved

Open Access in DiVA

Phasing Out a Polluting Input in a Growth Model with Directed Technological Change(501 kB)1 downloads
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File name FULLTEXT01.pdfFile size 501 kBChecksum SHA-512
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Type fulltextMimetype application/pdf

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Economics of Innovation, Diffusion, Growth and the Environment:Conference Programme

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CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf