Green growth - lessons from growth theory
Smulders, Peter ; Withagen, Cees
World Bank - Washington, DC
2012
41 p.
climate change ; economic growth ; environmental policy ; sustainable development ; technological change
Working Paper
6230
Economic development
English
Bibliogr.
"This paper reviews dynamic general equilibrium models in order to collect insights on the interaction between economic growth and environmental issues. The authors discuss the Ramsey model and extend it for natural resource inputs and pollution, as well as for endogenous technical change. Green growth becomes within reach if there is good substitution, a clean backstop technology, a small share of natural resources in gross domestic product, and/or green directed technical change."
Digital
The ETUI is co-funded by the European Union. Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union or the ETUI.