Optimal Growth when Environmental Quality is a Research Asset

Christian Groth; Francesco Ricci

Optimal Growth when Environmental Quality is a Research Asset

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Abstract

If environmental quality positively affects the productivity of labor in R&D and pollution is caused by the use of a non-renewable resource, it is socially optimal to postpone extraction and to intertemporally adjust R&D effort.

Originalsprog	Engelsk
Udgiver	Economic Policy Research Unit. Department of Economics, University of Copenhagen
Antal sider	8
Status	Udgivet - 2009

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AU - Ricci, Francesco

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KW - endogenous growth

KW - non-renewable resources

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M3 - Working paper

BT - Optimal Growth when Environmental Quality is a Research Asset

PB - Economic Policy Research Unit. Department of Economics, University of Copenhagen

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Optimal Growth when Environmental Quality is a Research Asset

Abstract

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