Quantifying distortions from pollution in a R&D endogenous growth model

In this note we study the distortions in an endogenous growth model developed by Grimaud and Tournemaine (2007), where new pieces of knowledge are produced in a R & D sector and used to reduce pollution emissions. Using this model along with a realistic calibration, we conclude that the econ...

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Autores principales:	Sequeira,Tiago Neves, Ferreira-Lopes,Alexandra
Lenguaje:	English
Publicado:	Universidad de Chile. Departamento de Economía 2014
Materias:	Pollution environmental tax R & D economic growth subsidies
Acceso en línea:	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-52862014000100005
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spelling	oai:scielo:S0718-528620140001000052014-06-25Quantifying distortions from pollution in a R&D endogenous growth modelSequeira,Tiago NevesFerreira-Lopes,Alexandra Pollution environmental tax R & D economic growth subsidies In this note we study the distortions in an endogenous growth model developed by Grimaud and Tournemaine (2007), where new pieces of knowledge are produced in a R & D sector and used to reduce pollution emissions. Using this model along with a realistic calibration, we conclude that the economy strongly underinvests in R & D, such that the policy maker would need to implement a strong tax-subsidy scheme to correct it. We suggest that a subsidy to human capital can also decrease the gap between market and optimal allocations.info:eu-repo/semantics/openAccessUniversidad de Chile. Departamento de EconomíaEstudios de economía v.41 n.1 20142014-06-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-52862014000100005en10.4067/S0718-52862014000100005
institution	Scielo Chile
collection	Scielo Chile
language	English
topic	Pollution environmental tax R & D economic growth subsidies
spellingShingle	Pollution environmental tax R & D economic growth subsidies Sequeira,Tiago Neves Ferreira-Lopes,Alexandra Quantifying distortions from pollution in a R&D endogenous growth model
description	In this note we study the distortions in an endogenous growth model developed by Grimaud and Tournemaine (2007), where new pieces of knowledge are produced in a R & D sector and used to reduce pollution emissions. Using this model along with a realistic calibration, we conclude that the economy strongly underinvests in R & D, such that the policy maker would need to implement a strong tax-subsidy scheme to correct it. We suggest that a subsidy to human capital can also decrease the gap between market and optimal allocations.
author	Sequeira,Tiago Neves Ferreira-Lopes,Alexandra
author_facet	Sequeira,Tiago Neves Ferreira-Lopes,Alexandra
author_sort	Sequeira,Tiago Neves
title	Quantifying distortions from pollution in a R&D endogenous growth model
title_short	Quantifying distortions from pollution in a R&D endogenous growth model
title_full	Quantifying distortions from pollution in a R&D endogenous growth model
title_fullStr	Quantifying distortions from pollution in a R&D endogenous growth model
title_full_unstemmed	Quantifying distortions from pollution in a R&D endogenous growth model
title_sort	quantifying distortions from pollution in a r&d endogenous growth model
publisher	Universidad de Chile. Departamento de Economía
publishDate	2014
url	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-52862014000100005
work_keys_str_mv	AT sequeiratiagoneves quantifyingdistortionsfrompollutioninardendogenousgrowthmodel AT ferreiralopesalexandra quantifyingdistortionsfrompollutioninardendogenousgrowthmodel
_version_	1714205044486701056

Quantifying distortions from pollution in a R&D endogenous growth model

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