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Export Reference (APA) 
Ferreira-Lopes, A., Sequeira, T. N. & Roseta-Palma, C. (2013). On the Effect of Technological Progress on Pollution: An Overlooked Distortion in Endogenous Growth. Oxford Economic Papers. 65 (2), 394-416
Export Reference (IEEE) 
A. M. Lopes et al.,  "On the Effect of Technological Progress on Pollution: An Overlooked Distortion in Endogenous Growth", in Oxford Economic Papers, vol. 65, no. 2, pp. 394-416, 2013
Export BibTeX 
@article{lopes2013_1766260328954,
	author = "Ferreira-Lopes, A. and Sequeira, T. N. and Roseta-Palma, C.",
	title = "On the Effect of Technological Progress on Pollution: An Overlooked Distortion in Endogenous Growth",
	journal = "Oxford Economic Papers",
	year = "2013",
	volume = "65",
	number = "2",
	doi = "10.1093/oep/gps019",
	pages = "394-416",
	url = "http://oep.oxfordjournals.org/content/early/2012/03/20/oep.gps019"
}
Export RIS 
TY  - JOUR
TI  - On the Effect of Technological Progress on Pollution: An Overlooked Distortion in Endogenous Growth
T2  - Oxford Economic Papers
VL  - 65
IS  - 2
AU  - Ferreira-Lopes, A.
AU  - Sequeira, T. N.
AU  - Roseta-Palma, C.
PY  - 2013
SP  - 394-416
SN  - 0030-7653
DO  - 10.1093/oep/gps019
UR  - http://oep.oxfordjournals.org/content/early/2012/03/20/oep.gps019
AB  - We derive a model of endogenous growth with physical capital, human capital and technological progress through quality-ladders. We introduce welfare-decreasing pollution in the model, which can be reduced through the development of cleaner technologies. From the quantitative analysis of the model, we show clear evidence that the externality from technological progress to pollution considered in this model is sufficiently strong to induce underinvestment in R&D as an outcome of the decentralized equilibrium. An important policy implication of the main result of this article is that it reinforces the case for R&D subsidies. 
ER  -