This paper reviews dynamic general equilibrium models in order to collect insights on the interaction between economic growth and environmental issues. The authors discuss the Ramsey model and extend it for natural resource inputs and pollution, as well as for endogenous technical change. Green growth becomes within reach if there is good substitution, a clean backstop technology, a small share of natural resources in gross domestic product, and/or green directed technical change.
Detalhes
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Autor
Smulders, Sjak Withagen, Cees
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Data do documento
2012/10/01
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TIpo de documento
Documento de trabalho sobre pesquisa de políticas
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No. do relatório
WPS6230
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Nº do volume
1
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Total Volume(s)
1
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País
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Região
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Data de divulgação
2012/10/01
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Disclosure Status
Disclosed
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Nome do documento
Green growth -- lessons from growth theory
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Palavras-chave
oil;marginal product of capital;capital stock;marginal utility of consumption;level of consumption;United Nations Environment Programme;social rate of return;Environment & Energy;marginal product of energy;rate of population growth;steady state;extraction of oil;
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