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.

Language
Englisch

Bibliographic citation
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

Classification
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
Subject
pollution
environmental tax
R&D
economic growth
subsidies

Event
Geistige Schöpfung
(who)
Neves Sequeira, Tiago
Ferreira-Lopes, Alexandra
Event
Veröffentlichung
(who)
Universidad de Chile, Departamento de Economía
(where)
Santiago de Chile
(when)
2014

Handle
Last update
10.03.2025, 11:44 AM CET

Data provider

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Object type

  • Artikel

Associated

  • Neves Sequeira, Tiago
  • Ferreira-Lopes, Alexandra
  • Universidad de Chile, Departamento de Economía

Time of origin

  • 2014

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