Reference : Sustainable economic development and the environment: Theory and evidence
Scientific journals : Article
Business & economic sciences : Special economic topics (health, labor, transportation…)
http://hdl.handle.net/10993/3070
Sustainable economic development and the environment: Theory and evidence
English
Bertinelli, Luisito mailto [University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Center for Research in Economic Analysis (CREA) >]
Strobl, Eric [> >]
Zou, Benteng mailto [University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Center for Research in Economic Analysis (CREA) >]
2012
Energy Economics
Elsevier Science
34
4
1105-1114
Yes (verified by ORBilu)
0140-9883
[en] Environmental quality; Sustainable economic development; Vintage capital model; EKC
[en] The relationship between growth and pollution is studied through a vintage capital model, where new technologies are more environmentally friendly. We find that once the optimal scrapping age of technologies is reached, an economy may achieve two possible cases of sustainable development, one in which pollution falls and another in which it stabilizes, or a catastrophic outcome, where environmental quality reaches its lower bound. The outcome will depend on countries’ investment path and their propensity to innovate in environmentally clean technologies, both of which are likely to differ across economies. Empirical results using long time series for a number of developed and developing countries indeed confirm heterogenous experiences in the pollution-output relationship.
http://hdl.handle.net/10993/3070
http://ideas.repec.org/a/eee/eneeco/v34y2012i4p1105-1114.html

File(s) associated to this reference

Fulltext file(s):

FileCommentaryVersionSizeAccess
Limited access
EE-Resub-04-05-2011.pdfAuthor postprint395.96 kBRequest a copy

Bookmark and Share SFX Query

All documents in ORBilu are protected by a user license.