ENVIRONMENTAL REGULATION AND ECONOMIC GROWTH UNDER EDUCATION EXTERNALITIES

Paul Makdissi () and Quentin Wodon

Journal of Economic Development, 2006, vol. 31, issue 1, 45-51

Abstract: Using an extension of Lucas¡¯ model of endogenous growth with education externality, we show that an environmental tax may increase growth. This is because the tax makes physical capital accumulation less attractive, thereby correcting for the underinvestment by agents in human capital.

Keywords: Regulation; Environment; Growth; Human Capital (search for similar items in EconPapers)
JEL-codes: O11 O13 Q28 (search for similar items in EconPapers)
Date: 2006
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Citations: View citations in EconPapers (3)

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Related works:
Working Paper: Environmental Regulation and Economic Growth under Education Externalities (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:jed:journl:v:31:y:2006:i:1:p:45-51

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