ENVIRONMENTAL PROTECTION AND ECONOMIC GROWTH
DOI:
https://doi.org/10.22456/2176-5456.49287Palavras-chave:
AK growth model, Environmental Kuznets curve, Hopfbifurcation theorem, Limit cyclesResumo
This paper explores the link between environmental policy andeconomic growth by employing an extension of the AK Growth Model. We
include a state equation for renewable natural resources. We
assume that the change in environmental regulations induces
costs and that economic agents also derive some utility from
capital stock accumulation vis-a-vis the environment.
Using the Hopf bifurcation theorem, we show that cyclical
environmental policy strategies are optimal, providing
theoretical support for the Environmental Kuznets Curve.
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Publicado
2019-08-05
Como Citar
Teles, V. K., & Arraes, R. (2019). ENVIRONMENTAL PROTECTION AND ECONOMIC GROWTH. Análise Econômica, 37(73). https://doi.org/10.22456/2176-5456.49287
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