Economic growth with environmental damage and technical progress

Oleg Eismont

Environmental & Resource Economics, 1994, vol. 4, issue 3, pages 241-249

Abstract: The papers on economic growth with environmental constraints usually ignore the effect of technical progress, this results in static steady state solutions. This paper examines the problem of optimal economic growth with environmental damage, technical progress taken into account, which produces a steady state solution that corresponds to an equilibrium growth, with non-constant emissions and pollutant stock. As a means of steering the economy along the optimal path, two types of tradeable pollution permits are analyzed. The method of stabilizing the optimal path, leading to a steady state, is suggested. Copyright Kluwer Academic Publishers 1994

Keywords: Economic growth; pollution control; technical progress; tradeable pollution permits; stability (search for similar items in EconPapers)
Date: 1994
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Persistent link: http://EconPapers.repec.org/RePEc:kap:enreec:v:4:y:1994:i:3:p:241-249

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