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The environmental drag on long- term economic performance: Evidence from Norway

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Abstract

The environmental drag is the cost to society of environmental constraints. This paper estimates the long-run environmental drag on the Norwegian economy. We employ a model called DREAM (dynamic resource / environmental applied model). This is an applied general equilibrium model extended to include important environmental linkages. After having explained the structure of our model, the paper presents macroeconomic effects, and impacts on growth and welfare of environmental constraints. To check robustness we perform a number of sensitivity analyses. Most of our results are remarkably robust to alternative assumptions. Contrary to widespread opinion, a low discount rate increases the environmental drag on welfare. Reducing the rate of technological progress will have similar effects.

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  • Annegrete Bruvoll & Solveig Glomsrød & Haakon Vennemo, 1995. "The environmental drag on long- term economic performance: Evidence from Norway," Discussion Papers 143, Statistics Norway, Research Department.
    • Handle: RePEc:ssb:dispap:143
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    File URL: https://www.ssb.no/a/publikasjoner/pdf/DP/dp_143.pdf
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    Cited by:

    1. Bruvoll, Annegrete & Glomsrod, Solveig & Vennemo, Haakon, 1999. "Environmental drag: evidence from Norway," Ecological Economics, Elsevier, vol. 30(2), pages 235-249, August.
    2. David Pearce & Charles Palmer, 2001. "Public and private spending for environmental protection: a cross-country policy analysis," Fiscal Studies, Institute for Fiscal Studies, vol. 22(4), pages 403-456, December.
    3. Sverre Grepperud, 1997. "Soil Depletion Choices under Production and Price Uncertainty," Discussion Papers 186, Statistics Norway, Research Department.
    4. Vennemo, Haakon, 1997. "A dynamic applied general equilibrium model with environmental feedbacks," Economic Modelling, Elsevier, vol. 14(1), pages 99-154, January.

    More about this item

    Keywords

    Environmental drag; dynamic CGE model; Norway.;
    All these keywords.

    JEL classification:

    • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
    • Q29 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Other
    • Q39 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Other

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