Environmental Consciousness, Economic Growth, and Macroeconomic Instability.

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Title:	Environmental Consciousness, Economic Growth, and Macroeconomic Instability.
Authors:	Shieh, Jhy-yuan;Chen, Jhy-hwa;Chang, Shu-hua;Lai, Ching-chong
Keywords:	Endogenous growth Environmental consciousness Macroeconomic instability;Pollution Macroeconomic instability Pollution
Date:	2014-08-12
Issue Date:	2014-09-19 14:36:05 (UTC+8)
Abstract:	This paper develops an endogenous growth model to examine the linkages between environmental consciousness and economic growth. It is found that macroeconomic instability can arise in a simple AK-type growth model when the pollution externality is present only in the agent's utility function. It is also found that the impact of environmental consciousness on the economic growth rate is ambiguous. The economic systems (a decentralized versus centralized economy) and the ecological evolution (the specific pollution growth rate) are two crucial factors that determine the relationship between environmental consciousness and economic growth.
Relation:	International Review of Economics and Finance 34, pp.151-160
DOI:	10.1016/j.iref.2014.08.006
Appears in Collections:	[Graduate Institute & Department of Economics] Journal Article

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