ENVIRONMENTAL PROTECTION AND ECONOMIC GROWTH

Vladimir Kuhl Teles, Ronaldo Arraes

Resumo


This paper explores the link between environmental policy and
economic growth by employing an extension of the AK Growth Model. We
include a state equation for renewable natural resources. We
assume that the change in environmental regulations induces
costs and that economic agents also derive some utility from
capital stock accumulation vis-a-vis the environment.
Using the Hopf bifurcation theorem, we show that cyclical
environmental policy strategies are optimal, providing
theoretical support for the Environmental Kuznets Curve.

Palavras-chave


AK growth model; Environmental Kuznets curve; Hopfbifurcation theorem; Limit cycles

Texto completo:

PDF (English)


DOI: https://doi.org/10.22456/2176-5456.49287



 
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Indexadores


 PROPESQ  PROPESQ PROPESQ   PROPESQ      PERIÓDICOS UFRGS


 
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Universidade Federal do Rio Grande do Sul
Faculdade de Ciências Econômicas
Revista Análise Econômica
ISSN 0102-9924 / e-ISSN 2176-5456