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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