教師資料查詢 | 類別: 期刊論文 | 教師: 陳智華 Jhy-hwa Chen (瀏覽個人網頁)

標題:A Comment on Huang and Cai's Constant-Returns Endogenous Growth with Pollution Control
學年90
學期1
出版(發表)日期2001/10/01
作品名稱A Comment on Huang and Cai's Constant-Returns Endogenous Growth with Pollution Control
作品名稱(其他語言)
著者Shieh, Jhy-yuan; Lai, Ching-chong; Chen, Jhy-hwa
單位淡江大學經濟學系
出版者Springer
著錄名稱、卷期、頁數Environmental and resource economics 20(2), pp.165-172
摘要In an interesting paper published in Environmental and Resource Economics,
Huang and Cai (1994) developed an AK type technology endogenous growth
model to address the impact of the environment on economic growth and social
welfare. In that paper the emission is treated as an inevitable by-product of
productive activity and the stock of pollution is put into the agent’s utility function
to capture the environment’s amenity value. However, the Huang and Cai (1994)
conclusions may be modified, or at least accepted with considerable caution, since
in their analysis the abatement expenditure share is inappropriately shown to be
constant at all times. In this paper we attempt to re-examine what the true forces
are that govern the balanced growth rate.
The rest of the paper is organized as follows. Section 2 outlines the Huang and
Cai (1994) model and shows that there exists a unique endogenously-determined
steady-state economic growth rate and steady-state abatement expenditure share
when the economy is characterized by a unique perfect-foresight equilibrium.
Section 3 re-examines the comparative statics reported in Huang and Cai (1994).
Specifically, we will address how the economic growth rate reacts following
changes in environmental factors and public abatement expenditure. Finally, some
concluding remarks are presented in section 4.
關鍵字
語言英文
ISSN0924-6460;1573-1502
期刊性質國外
收錄於
產學合作
通訊作者
審稿制度
國別荷蘭
公開徵稿
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