Pollution Permits and Sustabinable Growth in a Schumpeterian Model

A. Grimaud

Working Papers from Toulouse - GREMAQ

Abstract: In the chapter 4 of their book "Endogenous Growth Theory", P. Aghion and P. Howitt introduce environemental pollution in an aggregate Schumpeterian model and they characterize the optimal path. In this paper , we study the equilibria in a decentralized compatible with their model. First study the trade-off between environmental quality and growth, and we identify the channels of transmission of environmental policy on growth performance. Then we compute the tools which allow to implement the optimum.

Keywords: POLLUTION; ECONOMIC GROWTH; ECONOMIC MODELS (search for similar items in EconPapers)
JEL-codes: C50 O40 Q20 (search for similar items in EconPapers)
Pages: 23 pages
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:fth:gremaq:98.508

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