Sustainable development: Structural transformation and the consumer demand
Abstract
This paper examines the feasibility of environmentally sustainable growth in a competitive market economy assuming various types of technological changes affecting pollution emissions and ultimately climate change. We consider two final outputs and two factors of production, accounting for both pollution flow and stock effects. If the initial level of pollution emissions satisfies certain boundary conditions, a Pigouvian pollution tax may assure...
Paper Details
Title
Sustainable development: Structural transformation and the consumer demand
Published Date
Mar 1, 2020
Volume
52
Pages
22 - 38
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