Is growth a dirty word? Pollution, abatement and endogenous growth

Margaret M. Byrne

Research output: Contribution to journalArticle

45 Scopus citations

Abstract

Potential conflicts between economic growth and environmental degradation are central to the sustainable development debate. An endogenous growth model is used to investigate tradeoffs between economic growth and environmental quality, where growth is dependent on technology improvements, emissions are generated during final goods production, and physical resources can be used to abate pollution. Pollution growth is higher in a decentralized economy, but technology growth rates can not be ranked between the efficient and equilibrium paths. Even with restricted abatement activity, second-best pollution growth will be below the unregulated level. Zero economic growth policies may increase the rate of environmental degradation.

Original languageEnglish (US)
Pages (from-to)261-284
Number of pages24
JournalJournal of Development Economics
Volume54
Issue number2
DOIs
StatePublished - Dec 1997

Keywords

  • Endogenous growth
  • Environmental degradation
  • Pollution abatement
  • Technological innovation

ASJC Scopus subject areas

  • Economics and Econometrics

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