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Optimal Growth when Environmental Quality is a Research Asset

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  • Christian Groth

    (Department of Economics, University of Copenhagen)

  • Francesco Ricci

    (Universite de Poitiers)

Abstract

If environmental quality positively affects the productivity of labor in R&D and pollution is caused by the use of a non-renewable resource, it is socially optimal to postpone extraction and to intertemporally adjust R&D effort.

Suggested Citation

  • Christian Groth & Francesco Ricci, 2009. "Optimal Growth when Environmental Quality is a Research Asset," EPRU Working Paper Series 2009-11, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics.
    • Handle: RePEc:kud:epruwp:09-11
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    File URL: http://web.econ.ku.dk/eprn_epru/Workings_Papers/wp-09-11.pdf
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    References listed on IDEAS

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    Cited by:

    1. Peter K. Kruse-Andersen, 2016. "Directed Technical Change and Economic Growth Effects of Environmental Policy," Discussion Papers 16-06, University of Copenhagen. Department of Economics.
    2. Maciej Malaczewski, 2018. "Natural Resources As An Energy Source In A Simple Economic Growth Model," Bulletin of Economic Research, Wiley Blackwell, vol. 70(4), pages 362-380, October.
    3. Silvia Micheli & Carlo Andrea Bollino, 2011. "Sustainable growth with renewable and non-renewable energy sources," EcoMod2011 3213, EcoMod.

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    Keywords

    endogenous growth; non-renewable resources; environmental quality;
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