Journal Article10.2307/2527228
Are There Limits to Growth
1K
TL;DR: A simple theoretical model of pollution is developed that generates an inverted U-shape relationship between per capita income and environmental quality as discussed by the authors, which is then used to study long-run growth.
read more
Abstract: A simple theoretical model of pollution is developed that generates an inverted U-shape relationship between per capita income and environmental quality. This model is then used to study long-run growth. The same inverted U-shape is shown to appear in time series and the prospects for sustained growth are shown to hinge on whether increasingly strict environmental regulation is compatible with a constant rate of return on capital. Implementation is also studied. Tax and voucher schemes are shown to have an advantage over direct regulation because they provide the correct incentives for capital accumulation. Copyright 1998 by Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association.
read more
Chat with Paper
AI Agents for this Paper
Find similar papers on Google Scholar, PubMed and Arxiv
Write a critical review of this paper
Analyze citations of this paper to find unaddressed research gaps
Citations
Equilibrium with a market of permits
TL;DR: In this paper, the main results of three studies on the equilibrium with a market of tradeable permits are presented, and the consequences of the choice between giving free permits to firms and other possibilities are analyzed.
14
Energy innovation and ecological footprint: Evidence from OECD countries during 1990–2018
Maria Shabir,Pasquale Pazienza,Caterina De Lucia +2 more
TL;DR: This study examines the relationship between energy innovation, renewable energy production, and ecological footprint in 21 OECD countries from 1990-2018, finding that renewable energy and energy innovation mitigate ecological deficit, while non-renewable energy and GDP accelerate it.
14
From firm to global-level pollution control: The case of transboundary pollution
TL;DR: In this article, the joint determination of optimal investment and optimal depollution in a spatio-temporal framework where pollution is transboundary is studied, where the regulator internalizes that production generates pollution, which is bad for the wellbeing of population, and that pollution flows across space driven by a diffusion process.
14
The history of sustainable development and the impact of the energy system
TL;DR: In this paper, the authors describe the origin of the idea, term and concept of sustainable development and the driving forces were fundamental crises of the energy system: the idea originated during the crisis of the medieval agrarian solar system; the term emerged when the agricultural energy system could not satisfy the growing energy demand of the emerging industrial age at the end of the 18th century; the concept originated at the beginning of the 20th century, when the fossil fuel energy system came close to its ecological limits and society was in search of a concept reconciling ecological, economic and social goals
14
Introduction to Sustainable Resource Use and Economic Dynamics
Lucas Bretschger,Sjak Smulders +1 more
- 01 Jan 2007
TL;DR: In this article, the impact of resource scarcity and pollution on the economy as a whole is investigated, and the authors find that macroeconomic dynamics become highly relevant to offset the increasing scarcity of natural resources and to promote sustainable development, capital accumulation and technological change.
14