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Title in Portuguese: Environmental protection and economic growth
Author: Teles, Vladimir Kuhl
Arraes, Ronaldo de Albuquerque e
Keywords: Crescimento Econômico
Issue Date: Aug-2009
Publisher: Fundação Getúlio Vargas / Escola de Economia de São Paulo
Citation: TELES, Vladimir Kuhl; ARRAES, Ronaldo A. Environmental protection and economic growth. São Paulo: Escola de Economia de São Paulo / Fundação Getúlio Vargas, 2009. (Textos para Discussão, 194)
Series/Report no.: Textos para Discussão;194
Abstract: This paper explores the link between environmental policy and economic growth by employing an extension of the AK Growth Model. We include a state equation for renewable natural resources. We assume that the change in environmental regulations induces costs and that economic agents also derive some utility from capital stock accumulation vis-`a-vis the environment. Using the Hopf bifurcation theorem, we show that cyclical environmental policy strategies are optimal, providing theoretical support for the Environmental Kuznets Curve.
Appears in Collections:Coleções do CAEN

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