Anticipated Environmental Policy and Transitional Dynamics in an Endogenous Growth Model

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Title:	Anticipated Environmental Policy and Transitional Dynamics in an Endogenous Growth Model
Authors:	Chen, Jhy-hwa;Lai, Ching-chong;Shieh, Jhy-yuan
Contributors:	淡江大學經濟學系
Keywords:	endogenous growth;elastic labor supply;pollution;public abatement
Date:	2003-06-01
Issue Date:	2009-11-30 18:36:46 (UTC+8)
Publisher:	Springer
Abstract:	This paper makes a new attempt toinvestigate how an anticipatedenvironmental policy governs the transitionaldynamics of an economy when pollutionexternality is taken into account. Themodeling strategy we use is an AK technologyendogenous growth framework with an endogenousleisure-labor choice. It is found that, unlikeinelastic labor supply framework, a rise inpublic abatement expenditure will stimulate thebalanced economic growth rate. It is alsofound that public abatement technology plays animportant role in determining the transitionaladjustment of the economic growth rate inresponse to a pre-announced environmentalpolicy.
Relation:	Environmental and resource economics 25(2), pp.233-254
DOI:	10.1023/A:1023976428714
Appears in Collections:	[Graduate Institute & Department of Economics] Journal Article [Graduate Institute & Department of International Business] Journal Article

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