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On the Joint Dynamics of Pollution and Capital Accumulation

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  • Dimitrios Varvarigos

Abstract

I construct an overlapping generations model in which (the endogenous) longevity is impeded by the stock of pollution and promoted by public health spending. I provide an alternative explanation for the so-called environmental Kuznets curve – an explanation which gives an active role to environmental quality as a contributing factor to capital accumulation and growth. I also examine how variations in environment-related parameters determine the effect of taxation in economic development.

Suggested Citation

  • Dimitrios Varvarigos, 2008. "On the Joint Dynamics of Pollution and Capital Accumulation," Discussion Papers in Economics 08/38, Division of Economics, School of Business, University of Leicester, revised Jan 2009.
    • Handle: RePEc:lec:leecon:08/38
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    File URL: https://www.le.ac.uk/economics/research/RePEc/lec/leecon/dp08-38.pdf
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    References listed on IDEAS

    as
    1. David de la CROIX, 2014. "Economic Growth," LIDAM Discussion Papers IRES 2014019, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    2. de la Croix,David & Michel,Philippe, 2002. "A Theory of Economic Growth," Cambridge Books, Cambridge University Press, number 9780521001151, January.
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    More about this item

    Keywords

    Overlapping generations; Pollution; Capital accumulation; Endogenous longevity;
    All these keywords.

    JEL classification:

    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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