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Optimal Versus Sustainable Degrowth Policies

Marc Germain

Ecological Economics, 2017, vol. 136, issue C, 266-281

Abstract: This paper introduces a natural resource and pollution in a Ramsey growth model which relies on the postulates of ecological economics. It studies the impact of voluntary degrowth policies on production and welfare. The instrument of these policies is a tax on the natural resource. These public policies are implemented after the downturn of the households' welfare following from the increased pollution.

Keywords: Degrowth; Steady state economics; Pollution tax; Intergenerational equity (search for similar items in EconPapers)
JEL-codes: O44 O49 Q57 (search for similar items in EconPapers)
Date: 2017
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Handle: RePEc:eee:ecolec:v:136:y:2017:i:c:p:266-281