Environmental Quality, Life Expectancy, and Sustainable Economic Growth

Dimitrios Varvarigos ()

No 08/19, Discussion Papers in Economics from Division of Economics, School of Business, University of Leicester

Abstract: I construct a model of a growing economy with pollution. The analysis of the model shows that the interactions between capital accumulation, endogenous longevity and environmental quality determine both the long-run growth rate of the economy and the pattern of convergence (i.e., monotonic or cyclical) towards the balanced growth path. I argue that such interactions can provide a possible explanatory factor behind the, empirically observed, negative correlation of longrun growth with its short-term cycles. Furthermore, the model may capture the observed pattern whereby economic growth and mortality rates appear to be negatively related in the long-run, but positively related in the short-run.

Keywords: Environmental quality; longevity; economic growth; cycles (search for similar items in EconPapers)
JEL-codes: O13 O41 Q56 (search for similar items in EconPapers)
Date: 2008-06
New Economics Papers: this item is included in nep-env, nep-hea and nep-res
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Citations: View citations in EconPapers (8)

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