Human Capital Accumulation, Environmental Quality, Taxation and Endogenous Growth

Bidisha Chakraborty and Manash Ranjan Gupta ()
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Manash Ranjan Gupta: Indian Statistical Institute

Chapter 12 in Analytical Issues in Trade, Development and Finance, 2014, pp 193-215 from Springer

Abstract: Abstract We consider a Lucas-type model (1988) of endogenous growth in which the environmental quality positively affects the rate of human capital accumulation, and the environmental quality itself is positively affected by human capital accumulation and is negatively affected by physical capital accumulation. We analyse the effects of taxation on the steady-state equilibrium growth rate in this model. We also analyse the transitional dynamic properties of this model.

Keywords: Human capital; Endogenous growth; Environment; Steady-state equilibrium; Saddle path; Taxes; Abatement expenditure; Educational subsidy (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:spr:isbchp:978-81-322-1650-6_12

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DOI: 10.1007/978-81-322-1650-6_12

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