Green Growth -- Lessons from Growth Theory

43 Pages Posted: 20 Apr 2016

See all articles by Sjak Smulders

Sjak Smulders

Tilburg University - Center and Faculty of Economics and Business Administration; University of Calgary - Department of Economics

Cees Withagen

Free University of Amsterdam; Tilburg University

Date Written: October 1, 2012

Abstract

This paper reviews dynamic general equilibrium models in order to collect insights on the interaction between economic growth and environmental issues. The authors discuss the Ramsey model and extend it for natural resource inputs and pollution, as well as for endogenous technical change. Green growth becomes within reach if there is good substitution, a clean backstop technology, a small share of natural resources in gross domestic product, and/or green directed technical change.

Keywords: Environmental Economics & Policies, Economic Theory & Research, Political Economy, Climate Change Economics, Climate Change Mitigation and Green House Gases

Suggested Citation

Smulders, Jacobus (Sjak) A. and Withagen, Cees A. M., Green Growth -- Lessons from Growth Theory (October 1, 2012). World Bank Policy Research Working Paper No. 6230. Available at SSRN: https://ssrn.com/abstract=2162798

Jacobus (Sjak) A. Smulders (Contact Author)

Tilburg University - Center and Faculty of Economics and Business Administration ( email )

P.O. Box 90153
Tilburg, 5000 LE
Netherlands
+31 13 466 2920 (Phone)
+31 13 466 3042 (Fax)

HOME PAGE: http://www.uvt.nl/webwijs/english/show.html?anr=801585&lang=en

University of Calgary - Department of Economics ( email )

2500 University Drive, NW
Calgary, Alberta T2N 1N4
Canada

Cees A. M. Withagen

Free University of Amsterdam ( email )

Tinbergen Institute De Boelelaan 1105
1081 HV Amsterdam
Netherlands

Tilburg University ( email )

Postbus 90153
Tilburg, DC 5000 LE
Netherlands

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