Irreversibility of Pollution Accumulation

Morgane Chevé ()

Environmental & Resource Economics, 2000, vol. 16, issue 1, 93-104

Abstract: This paper presents an optimal endogenous growth model with pollutionaccumulation and abatement activities which analyzes the implications ofpollution accumulation irreversibility on the existence of sustainablegrowth paths. This model studies different pollution-decay functions whichpresent, among others, the feature that a sufficiently high pollution stocklevel can reduce the rate of decay to zero. This study shows that this newfeature, which gains support for the biological literature, significantlyalters the traditional results on the properties of sustainable endogenousgrowth by reducing the field of existence and strengthening the role ofindividual preferences. Copyright Kluwer Academic Publishers 2000

Keywords: endogenous growth; irreversibility; optimal control; pollution accumulation; sustainable growth (search for similar items in EconPapers)
Date: 2000
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Citations: View citations in EconPapers (20)

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DOI: 10.1023/A:1008367226371

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