Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5083590 | International Review of Economics & Finance | 2014 | 10 Pages |
Abstract
This paper develops an endogenous growth model to examine the linkages between environmental consciousness and economic growth. It is found that macroeconomic instability can arise in a simple AK-type growth model when the pollution externality is present only in the agent's utility function. It is also found that the impact of environmental consciousness on the economic growth rate is ambiguous. The economic systems (a decentralized versus centralized economy) and the ecological evolution (the specific pollution growth rate) are two crucial factors that determine the relationship between environmental consciousness and economic growth.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Jhy-yuan Shieh, Jhy-hwa Chen, Shu-hua Chang, Ching-chong Lai,