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https://tkuir.lib.tku.edu.tw/dspace/handle/987654321/58014
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| 題名: | Growth, welfare and transitional dynamics in an endogenously growing economy with abatement labor |
| 作者: | Chen, Jhy-hwa;Shieh, Jhy-yuan;Chang, Juin-jen;Lai, Ching-chong |
| 貢獻者: | 淡江大學經濟學系 |
| 關鍵詞: | Abatement labor;Environmental externality;Public abatement;Double dividends |
| 日期: | 2009-09 |
| 上傳時間: | 2011-09-28 10:01:04 (UTC+8) |
| 出版者: | Amsterdam: Elsevier BV * North-Holland |
| 摘要: | This paper sets up a simple endogenous growth model that highlights the importance of the endogenous labor-leisure choice and the allocation between production labor and abatement labor. We show that, in contrast to the common notion (e.g. [Bovenberg, A.L., Smulders, S., 1996. Transitional impacts of environmental policy in an endogenous growth model. International Economic Review 37, 861–893] and [Bovenberg, A.L., de Mooij, R.A., 1997. Environmental tax reform and endogenous growth. Journal of Public Economics 63, 207–237]), the existence of an environmental production externality is a sufficient (but not necessary) condition for environmental policies to stimulate economic growth if the labor-leisure choice is endogenously determined. In particular, since there are complementarities between public abatement and private abatement, the public abatement expenditure will have a more powerful enhancing effect on economic growth when it is accompanied by more efficient private abatement. This result also leads to a corollary to the effect that it is easier to achieve double dividends in terms of enhancing both growth and welfare if the endogenous labor-leisure choice is taken into account.
In our dynamic analysis, we show that if public abatement is substantially large, dynamic indeterminacy may occur despite the absence of a positive labor externality and interestingly, this is more likely to be the case when abatement labor plays a more significant role. Besides, the transitional effects of an increase in public abatement are also investigated. |
| 關聯: | Journal of Macroeconomics 31(3), pp.423-437 |
| DOI: | 10.1016/j.jmacro.2008.10.004 |
| 顯示於類別: | [經濟學系暨研究所] 期刊論文
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