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Publication Detailed Description
Journal Title
Estudios de Economía
Year (definitive publication)
2014
Language
English
Country
Chile
More Information
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Alternative Titles
(Spanish/Castilian) Cuantificación de las distorsiones atribuibles a polución en un modelo de crecimiento endógeno con I+D
Abstract
In this note we study the distortions in an endogenous growth model developed by Grimaud and Tournemaine (2007), where new pieces of knowledge are produced in a R&D sector and used to reduce pollution emissions. Using this model along with a realistic calibration, we conclude that the economy strongly underinvests in R&D, such that the policy maker would need to implement a strong tax-subsidy scheme to correct it. We suggest that a subsidy to human capital can also decrease the gap between market and optimal allocations.
Acknowledgements
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Keywords
Pollution,Environmental tax,R&D,Economic growth,Subsidies
Fields of Science and Technology Classification
- Economics and Business - Social Sciences
Funding Records
| Funding Reference | Funding Entity |
|---|---|
| PTDC/EGE-ECO/102238/2008 | Fundação para a Ciência e a Tecnologia |
| PEst-OE/EGE/UI0315/2014 | Fundação para a Ciência e a Tecnologia |
Related Projects
This publication is an output of the following project(s):
Contributions to the Sustainable Development Goals of the United Nations
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