Welfare-reducing growth despite individual and government optimization
Siang Ng () and
Yew-Kwang Ng ()
Additional contact information
Siang Ng: Department of Economics, Monash University, Clayton, Australia 3168
Social Choice and Welfare, 2001, vol. 18, issue 3, pages 497-506
In the presence of substantial relative-income effects and environmental disruption effects, economic growth may be welfare-reducing even if each and all individuals are optimizing and eagerly trying to make more money and the government also maximizes the welfare of individuals by the choice of income-tax rate and the ratio devoted to the abatement of environmental disruption. Welfare-reducing growth may be avoided if environmental disruption may be directed taxed at low costs and/or government spending on public goods is not environmentally disruptive.
Note: Received: 2 September 1998/Accepted: 16 February 2000
References: Add references at CitEc
Citations View citations in EconPapers (10) Track citations by RSS feed
Downloads: (external link)
Access to the full text of the articles in this series is restricted
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: http://EconPapers.repec.org/RePEc:spr:sochwe:v:18:y:2001:i:3:p:497-506
Ordering information: This journal article can be ordered from
Access Statistics for this article
Social Choice and Welfare is currently edited by John Duggan, Marc Fleurbaey, Wulf Gaertner and Maurice Salles
More articles in Social Choice and Welfare from Springer
Series data maintained by Sonal Shukla ().