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Green growth - lessons from growth theory

"This paper reviews dynamic general equilibrium models in order to collect insights on the interaction between economic growth and environmental issues. The authors discuss the Ramsey model and extend it for natural resource inputs and pollution, as well as for endogenous technical change. Gree...

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Bibliographic Details
Main Authors: Smulders, Peter, Withagen, Cees
Institution:ETUI-European Trade Union Institute
Format: TEXT
Language:English
Published: Washington, DC 2012
World Bank
Subjects:
climate change
economic growth
environmental policy
sustainable development
technological change
Online Access:https://www.labourline.org/KENTIKA-19131552124919597349-Green-growth---lessons-from-gr.htm
Description
Summary:"This paper reviews dynamic general equilibrium models in order to collect insights on the interaction between economic growth and environmental issues. The authors discuss the Ramsey model and extend it for natural resource inputs and pollution, as well as for endogenous technical change. Green growth becomes within reach if there is good substitution, a clean backstop technology, a small share of natural resources in gross domestic product, and/or green directed technical change."
Physical Description:41 p.
Digital

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