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Title: Pollution Abatement as a Source of Stabilisation and Long-Run Growth
Authors: Varvarigos, Dimitrios
Palivos, Theodore
First Published: Oct-2010
Publisher: Dept. of Economics, University of Leicester
Abstract: 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.
Series/Report no.: Papers in Economics;11/04
Type: Report
Appears in Collections:Reports, Dept. of Economics

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