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text

Discussion Papers In Economics And Business. 2015, 15-06, p. 1-19

Modeling pollution and economic growth : the effect of a lethal threshold

Graduate School of Economics and Osaka School of International Public Policy (OSIPP), Osaka University

英語

text

2015-04

http://www2.econ.osaka-u.ac.jp/library/global/dp/1506.pdf

The accumulation of pollution negatively impacts human health. Extreme increases in pollution, in particular, may have lethal implications for human beings-and, indeed, all living organisms. This paper thus devises a new model of economic growth that takes into account these lethal effects of accumulated pollution via a pollution threshold to show two key results. First, if an abatement technology is relatively inefficient, there exists a stationary steady state in which consumption and pollution stop growing. Second, if the abatement technology is sufficiently efficient, there exists a path along which pollution decreases at an accelerating rate until finally reaching zero. In this case, consumption grows at a constant rate.

51510

Modeling pollution and economic growth : the effect of a lethal threshold

Graduate School of Economics and Osaka School of International Public Policy (OSIPP), Osaka University

英語

2015-04

Discussion Papers In Economics And Business

15-06

1

19

https://hdl.handle.net/11094/51510

http://www2.econ.osaka-u.ac.jp/library/global/dp/1506.pdf