On the optimal control of pollution in a human capital growth model
Stefano Bosi and
Lionel Ragot ()
No 2013-25, EconomiX Working Papers from University of Paris Nanterre, EconomiX
On the one hand, the adoption of polluting technologies can enhance the factor productivity; on the other hand, pollution lowers the stock of human capital by weakening physical and mental performances, and short-ening the life expectancy at the end. To capture the impact of pollution on economic growth, we compute the optimal policy in an endogenous growth model `a la Lucas (1988) and we study the effects of pollution in the short and the long run.
Keywords: pollution; human capital; endogenous growth (search for similar items in EconPapers)
JEL-codes: D90 J24 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dge, nep-env, nep-fdg, nep-hrm and nep-res
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Journal Article: On the Optimal Control of Pollution in a Human Capital Growth Model (2013)
Working Paper: On the Optimal Control of Pollution in a Human Capital Growth Model (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:drm:wpaper:2013-25
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