Pollution-Income Dynamics

Ramon Lopez and Sang Yoon

No 166072, Working Papers from University of Maryland, Department of Agricultural and Resource Economics

Abstract: This paper shows that the dynamic properties of the pollution-income relationship under an optimal pollution tax depends on three key factors, namely the degree of temporal and inter-temporal flexibility in consumption and the elasticity of substitution among production inputs. This paper derives general conditions for eluding the limits to growth showing that they require rather stringent assumptions which the existing literature has failed to identify.

Keywords: Environmental; Economics; and; Policy (search for similar items in EconPapers)
Pages: 12
Date: 2014-02
New Economics Papers: this item is included in nep-ene, nep-env and nep-res
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Journal Article: Pollution–income dynamics (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:umdrwp:166072

DOI: 10.22004/ag.econ.166072

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