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Résumé

D’une part, l’adoption de technologies polluantes peut améliorer la productivité des facteurs; d’autre part, la pollution diminue le stock de capital humain en affaiblissant les performances physiques et mentales et en réduisant l’espérance de vie. Pour saisir l’impact de la pollution sur la croissance économique, nous calculons la solution optimale dans un modèle de croissance endogène en temps continu à la Lucas (1988). Les propriétés de concavité que nous considérons, non seulement assurent l’unicité de la solution, mais jouent également un rôle fondamental dans la statique comparative et la dynamique locale.

Abstract

On the one hand, the adoption of polluting technologies can enhance the factor productivity; on the other hand, pollution lowers the stock of human capital by weakening physical and mental performances, and shortening the life expectancy at the end. To capture the impact of pollution on economic growth, we compute the optimal policy in a continuous-time endogenous growth model à la Lucas (1988). The concavity properties we consider, not only ensure the uniqueness of solution but also play a fundamental role in comparative statics and local dynamics.

Citation

Text 
Stefano Bosi and Lionel Ragot, (2013), On the Optimal Control of Pollution in a Human Capital Growth Model, Mathematical Economics Letters, 1, issue 1, p. 9-15, https://EconPapers.repec.org/RePEc:bpj:maecol:v:1:y:2013:i:1:p:9-15:n:4.

BibTex 
@ARTICLE{RePEc:bpj:maecol:v:1:y:2013:i:1:p:9-15:n:4,
title = {On the Optimal Control of Pollution in a Human Capital Growth Model},
author = {Stefano, Bosi and Ragot, Lionel},
year = {2013},
journal = {Mathematical Economics Letters},
volume = {1},
number = {1},
pages = {9-15},
abstract = {On the one hand, the adoption of polluting technologies can enhance the factor productivity; on the other hand, pollution lowers the stock of human capital by weakening physical and mental performances, and shortening the life expectancy at the end. To capture the impact of pollution on economic growth, we compute the optimal policy in a continuous-time endogenous growth model à la Lucas (1988). The concavity properties we consider, not only ensure the uniqueness of solution but also play a fundamental role in comparative statics and local dynamics.},
keywords = {Pollution; human capital; endogenous growth},
url = {https://EconPapers.repec.org/RePEc:bpj:maecol:v:1:y:2013:i:1:p:9-15:n:4}
}