ENVIRONMENTAL PROTECTION AND ECONOMIC GROWTH

Authors

  • Vladimir Kuhl Teles Fundação Getúlio Vargas (FGV)
    • Ronaldo Arraes Universidade Federal do Ceará

      DOI:

      https://doi.org/10.22456/2176-5456.49287

      Keywords:

      AK growth model, Environmental Kuznets curve, Hopfbifurcation theorem, Limit cycles

      Abstract

      This paper explores the link between environmental policy and
      economic 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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      Published

      2019-08-05

      How to Cite

      Teles, V. K., & Arraes, R. (2019). ENVIRONMENTAL PROTECTION AND ECONOMIC GROWTH. Análise Econômica, 37(73). https://doi.org/10.22456/2176-5456.49287

      Issue

      Vol. 37 No. 73 (2019): Junho/2019

      Section

      Artigos

      License

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