Environmental protection and economic growth
Vladimir Teles () and
No 194, Textos para discussão from FGV EESP - Escola de Economia de São Paulo, Fundação Getulio Vargas (Brazil)
This paper explores the link between environmental policy and economic growth by employing an extension of the AK Growth Model. We include a state equation for renewable natural resources. We assume that the change in environmental regulations induces costs and that economic agents also derive some utility from capital stock accumulation vis-`a-vis the environment. Using the Hopf bifurcation theorem, we show that cyclical environmental policy strategies are optimal, providing theoretical support for the Environmental Kuznets Curve.
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Working Paper: ENVIRONMENTAL PROTECTION AND ECONOMIC GROWTH (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:fgv:eesptd:194
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