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The Global Environment, Natural Resources, and Economic Growth$
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Alfred Greiner and Willi Semmler

Print publication date: 2008

Print ISBN-13: 9780195328233

Published to Oxford Scholarship Online: September 2008

DOI: 10.1093/acprof:oso/9780195328233.001.0001

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Concluding Remarks

Concluding Remarks

Chapter:
(p.51) 6 Concluding Remarks
Source:
The Global Environment, Natural Resources, and Economic Growth
Author(s):

Alfred Greiner (Contributor Webpage)

Willi Semmler (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780195328233.003.0007

This chapter presents some concluding remarks about the economic models presented in Chapters 2 to 5. An endogenous growth model was presented with public capital and pollution. The uniqueness of this approach compared to the literature on environmental pollution and endogenous growth is the assumption that pollution only affects the utility of the household and not production possibilities directly. Analyses of the model demonstrated the effects of fiscal policy on the long-run balanced growth rate. Variations in both the income tax rate and the pollution tax rate were also shown to have either positive or negative growth effects.

Keywords:   economic model, economic growth, public capital, pollution

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