Irreversibility of Pollution Accumulation

This paper presents an optimal endogenous growth model with pollutionaccumulation and abatement activities which analyzes the implications ofpollution accumulation irreversibility on the existence of sustainablegrowth paths. This model studies different pollution-decay functions whichpresent, among...

Full description

Saved in:
Bibliographic Details
Published in:Environmental & resource economics 2000-05, Vol.16 (1), p.93-104
Main Author: Cheve, Morgane
Format: Article
Language:English
Subjects:
Consumption
Economic growth
Economic models
Economic theory
Ecosystems
Endogenous growth
Environmental degradation
Environmental economics
Environmental impact studies
Environmental protection
Equilibrium
Growth models
irreversibility
optimal control
Pollutants
Pollution
pollution accumulation
Pollution control
Production functions
Studies
Sustainable development
sustainable growth
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:This paper presents an optimal endogenous growth model with pollutionaccumulation and abatement activities which analyzes the implications ofpollution accumulation irreversibility on the existence of sustainablegrowth paths. This model studies different pollution-decay functions whichpresent, among others, the feature that a sufficiently high pollution stocklevel can reduce the rate of decay to zero. This study shows that this newfeature, which gains support for the biological literature, significantlyalters the traditional results on the properties of sustainable endogenousgrowth by reducing the field of existence and strengthening the role ofindividual preferences. Copyright Kluwer Academic Publishers 2000
ISSN:0924-6460
1573-1502
DOI:10.1023/A:1008367226371