Non-renewable Resources, Endogenous Growth, and Environmental Policy

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dc.contributor Helsingin yliopisto, Valtiotieteellinen tiedekunta, Politiikan ja talouden tutkimuksen laitos fi
dc.contributor University of Helsinki, Faculty of Social Sciences, Department of Political and Economic Studies en
dc.contributor Helsingfors universitet, Statsvetenskapliga fakulteten, Institutionen för politik och ekonomi sv Hong, Yeon A 2013
dc.identifier.uri URN:NBN:fi:hulib-201703272279
dc.description.abstract I investigate the impact of pollution generated from the utilization of exhaustible resources in the endogenous growth model. The endogenous model is an appropriate treatment of technological change in analyzing a long-term growth with a constraint of polluting non-renewable resources. Under this model, I consider the relationship between environmental policies and technological change. The environmental policies are found to induce technological change which can avoid the depletion of exhaustible resources and the deterioration of the environment. I extensively discuss two approaches focusing on endogenous technological change. Although both approaches are formulated with the constraint of resources and focus on the negative externality, they lead to strikingly different results. An approach by Schou [2000] concludes that an environmental policy is unnecessary since the market behaves optimally. The other approach by Grimaud and Rouge [2005] concludes that the market shows a distortion at the equilibrium and an environmental policy instrument be introduced to correct it. In this approach, it is shown that the growth rate of tax impacts price, quantities, and growth rates. Finally, I examine the current state of environmental policies that aim to mitigate, and adapt to, climate change, by presenting examples of environmental policy tools. en
dc.language.iso eng
dc.publisher Helsingfors universitet sv
dc.publisher University of Helsinki en
dc.publisher Helsingin yliopisto fi
dc.title Non-renewable Resources, Endogenous Growth, and Environmental Policy en
dc.type.ontasot pro gradu-avhandlingar sv
dc.type.ontasot pro gradu -tutkielmat fi
dc.type.ontasot master's thesis en
dc.subject.discipline Economics en
dc.subject.discipline Kansantaloustiede fi
dc.subject.discipline Nationalekonomi sv
dct.identifier.urn URN:NBN:fi:hulib-201703272279

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