Scientific journal paper Q3
Quantifying distortions from pollution in a R&D endogenous growth model
Tiago Miguel Guterres Neves Sequeira (Sequeira, T. N.); Alexandra Ferreira-Lopes (Ferreira-Lopes, A.);
Journal Title
Estudios de Economía
Year (definitive publication)
2014
Language
English
Country
Chile
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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
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This publication is an output of the following project(s):

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With the objective to increase the research activity directed towards the achievement of the United Nations 2030 Sustainable Development Goals, the possibility of associating scientific publications with the Sustainable Development Goals is now available in Ciência_Iscte. These are the Sustainable Development Goals identified by the author(s) for this publication. For more detailed information on the Sustainable Development Goals, click here.

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Publication Identifiers
2-s2.0-84901637779
10.4067/S0718-52862014000100005
WOS:000336635700005
000336635700005
2-s2.0-84901637779
ci-pub-12800
http://hdl.handle.net/10071/8314
Other Publication Details
2014
Universidad de Chile, Departamento de Economía
Web of Science©; Scopus; IBSS; Scielo;
0304-2758 (print)
0718-5286 (online)
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