Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/295794 
Erscheinungsjahr: 
2024
Schriftenreihe/Nr.: 
IZA Discussion Papers No. 16771
Verlag: 
Institute of Labor Economics (IZA), Bonn
Zusammenfassung: 
The existence of an environmental limit in the Solow-Swan economy changes the nature of economic growth, but does not preclude it. When atmospheric greenhouse gases reach a predetermined absolute threshold, further growth requires a permanently expanding, resource-intensive mitigation effort. If the rate of technical progress in mitigation is too low, it becomes the effective constraint on economic growth. Yet growth in both quantities and relative prices remains a robust feature of this class of economies. It also characterizes the social planner's optimum that anticipates the costs of reaching the environmental limit abruptly.
Schlagwörter: 
Solow-Swan growth model
Baumol cost disease
anthropogenic climate change
mitigation
price-driven economic growth
Ramsey optimal policy
JEL: 
O44
Q01
Q54
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
1.32 MB





Publikationen in EconStor sind urheberrechtlich geschützt.