Please use this identifier to cite or link to this item:
http://hdl.handle.net/10071/8314
Author(s): | Sequeira, T. N. Ferreira-Lopes, A. |
Date: | 2014 |
Title: | Quantifying distortions from pollution in a R&D endogenous growth model |
Volume: | 41 |
Number: | 1 |
Pages: | 149 - 159 |
ISSN: | 0304-2758 |
DOI (Digital Object Identifier): | 10.4067/S0718-52862014000100005 |
Keywords: | Pollution Environmental tax R& D Economic growth Subsidies |
Abstract: | In this note we study the distortions in an endogenous growth model developed by Grimaud and Tournemaine (2007), where new pieces of knowledge are produced in a R&D sector and used to reduce pollution emissions. Using this model along with a realistic calibration, we conclude that the economy strongly underinvests in R&D, such that the policy maker would need to implement a strong tax-subsidy scheme to correct it. We suggest that a subsidy to human capital can also decrease the gap between market and optimal allocations. |
Peerreviewed: | yes |
Access type: | Open Access |
Appears in Collections: | BRU-RI - Artigos em revistas científicas internacionais com arbitragem científica |
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