Can environmental taxation stimulate growth? The role of indeterminacy in endogenous growth models with environmental externalities
Can environmental taxation stimulate growth? The role of indeterminacy in endogenous growth models with environmental externalities
复制标题
DOI：
10.1016/j.jedc.2007.05.002
复制
发表时间：
2008-04-01
影响因子：
1.9
通讯作者：
Itaya, Jun-ichi
中科院分区：
文献类型：
--
作者：
Itaya, Jun-ichi
本文在一个具有负污染外部性的内生经济增长的无限寿命代理模型中考察了环境税对长期经济增长的影响。本文的新奇在于研究了环境税的长期效应如何受到Romer [1986]中均衡不确定性的影响。收益递增和长期增长。Journal of Political Economy 94，1002 - 1037] learning-by-doing model with endogenous labor supply.分析表明，当均衡增长路径不确定（确定）时，环境税通常会促进（损害）长期增长。(c)2007 Elsevier B. V.保留所有权利。
This paper examines the effects of environmental taxation on long-run growth in an infinitely lived representative agent model of endogenous growth with negative pollution externalities. The novelty of this paper lies in its investigation of how the long-run effects of environmental taxes are affected by the possible emergence of indeterminacy of equilibria in Romer's [1986. Increasing returns and long-run growth. Journal of Political Economy 94, 1002 - 1037] learning-by-doing model with endogenous labor supply. The analysis shows that environmental taxation generally enhances (harms) long-run growth when the balanced growth path is indeterminate (determinate). (c) 2007 Elsevier B.V. All rights reserved.