Article ID Journal Published Year Pages File Type
5058093 Economics Letters 2016 4 Pages PDF
Abstract

•Stock effects of pollution is examined in a model of sustainable growth.•Irreversible threshold of renewable resource stock is considered.•Maximum critical level of initial emissions for sustainability is derived.•Sustainability is feasible via pollution tax depending on the initial emissions.

This paper examines sustainability conditions when the stock effects of renewable resources prevail, and characterizes the maximal critical level of initial pollution emissions such that Pigovian tax alone ensures sustainable growth.

Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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