Artikel
Quantifying distortions from pollution in a R&D endogenous growth model
In this note we study the distortions in an endogenous growth model developed by Grimaud and Tournemaine (2007), where new pieces of knowledge are produced in a R&D sector and used to reduce pollution emissions. Using this model along with a realistic calibration, we conclude that the economy strongly underinvests in R&D, such that the policy maker would need to implement a strong tax-subsidy scheme to correct it. We suggest that a subsidy to human capital can also decrease the gap between market and optimal allocations.
- Sprache
-
Englisch
- Erschienen in
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Journal: Estudios de Economía ; ISSN: 0718-5286 ; Volume: 41 ; Year: 2014 ; Issue: 1 ; Pages: 149-159 ; Santiago de Chile: Universidad de Chile, Departamento de Economía
- Klassifikation
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Wirtschaft
Economic Development: Agriculture; Natural Resources; Energy; Environment; Other Primary Products
Economic Development: Human Resources; Human Development; Income Distribution; Migration
Innovation and Invention: Processes and Incentives
One, Two, and Multisector Growth Models
Environmental Economics: General
- Thema
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pollution
environmental tax
R&D
economic growth
subsidies
- Ereignis
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Geistige Schöpfung
- (wer)
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Neves Sequeira, Tiago
Ferreira-Lopes, Alexandra
- Ereignis
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Veröffentlichung
- (wer)
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Universidad de Chile, Departamento de Economía
- (wo)
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Santiago de Chile
- (wann)
-
2014
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:44 MEZ
Datenpartner
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Objekttyp
- Artikel
Beteiligte
- Neves Sequeira, Tiago
- Ferreira-Lopes, Alexandra
- Universidad de Chile, Departamento de Economía
Entstanden
- 2014