Environment and sustainable growth in a two-sector model with variable population growth rate
Articolo
Data di Pubblicazione:
2009
Citazione:
Environment and sustainable growth in a two-sector model with variable population growth rate / Ferrara, Massimiliano; Guerrini, L. - In: BULLETIN OF THE CALCUTTA MATHEMATICAL SOCIETY. - ISSN 0008-0659. - 101:(2009), pp. 1-9.
Abstract:
We investigate a closed economy in which the production depends essentially on
physical capital, natural capital and labor. Contrary to the standard literature, we
assume that the labor growth rate is non constant but variable over time. We show
that the economy is sustainable in the long run if human activities have a net zero
or positive effect on the environment. Moreover, for any given tax rate (or MPC,
i.e. marginal propensity to consume), we derive the set of sustainable MPCs (or
tax rates).
physical capital, natural capital and labor. Contrary to the standard literature, we
assume that the labor growth rate is non constant but variable over time. We show
that the economy is sustainable in the long run if human activities have a net zero
or positive effect on the environment. Moreover, for any given tax rate (or MPC,
i.e. marginal propensity to consume), we derive the set of sustainable MPCs (or
tax rates).
Tipologia CRIS:
1.1 Articolo in rivista
Keywords:
environment, growth model
Elenco autori:
Ferrara, Massimiliano; Guerrini, L
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