Pollution Abatement as a Source of Stabilisation and Long-Run Growth
Theodore Palivos and
Dimitrios Varvarigos ()
No 11/04, Discussion Papers in Economics from Department of Economics, University of Leicester
In a two-period overlapping generations model with production, we consider the damaging impact of environmental degradation on health and, consequently, life expectancy. The government’s involvement on policies of environmental preservation proves crucial for both the economy’s short-term dynamics and its long-term prospects. Particularly, an active policy of pollution abatement emerges as an important engine of long-run economic growth. Furthermore, by eliminating the occurrence of limit cycles, pollution abatement is also a powerful source of stabilisation.
Keywords: Growth; Cycles; Environmental quality; Pollution abatement (search for similar items in EconPapers)
JEL-codes: O41 Q56 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dge, nep-ene, nep-env and nep-fdg
Date: 2010-10, Revised 2010-10
References: View complete reference list from CitEc
Citations View citations in EconPapers (2) Track citations by RSS feed
Downloads: (external link)
Journal Article: POLLUTION ABATEMENT AS A SOURCE OF STABILIZATION AND LONG-RUN GROWTH (2017)
Working Paper: Pollution Abatement as a Source of Stabilisation and Long-Run Growth (2010)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:lec:leecon:11/04
Ordering information: This working paper can be ordered from
http://www2.le.ac.uk ... ch/discussion-papers
Access Statistics for this paper
More papers in Discussion Papers in Economics from Department of Economics, University of Leicester Department of Economics University of Leicester, University Road. Leicester. LE1 7RH. UK. Contact information at EDIRC.
Series data maintained by Mrs. Alexandra Mazzuoccolo (). This e-mail address is bad, please contact .