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Green growth -- lessons from growth theory, Volume 1
 
Author:Smulders, Sjak; Withagen, Cees; Collection Title:Policy Research working paper ; no. WPS 6230
Country:World; Date Stored:2012/10/16
Document Date:2012/10/01Document Type:Policy Research Working Paper
SubTopics:Environmental Economics & Policies; Political Economy; Economic Theory & Research; Climate Change Economics; Climate Change Mitigation and Green House GasesLanguage:English
Region:The World RegionReport Number:WPS6230
Volume No:1  

Summary: 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.

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