OURA Asuka Faculty of Economics Department of Socio-Economics Associate Professor |
■ Title Lethal Effects of Pollution and Economic Growth:Efficiency of Abatement Technology |
■ Outline The accumulation of pollution negatively impacts human health. Extreme increases in pollution, in particular, may have lethal implications for human beings, and, indeed, all living organisms. This paper thus devises a new model of economic growth that takes into account these lethal effects of accumulated pollution via a pollution threshold to show two key results. First, if an abatement technology is relatively inefficient, there exists a stationary steady state in which consumption and pollution stop growing. Second, if the abatement technology is sufficiently efficient, there exists a path along which pollution decreases at an accelerating rate until it finally reaches zero. In this case, consumption grows at a constant rate. Asuka Oura, Yasukatsu Moridera, Koichi Futagami Collaboration The Japanese Economic Review Springer 69(2),pp.189 2018/06 |
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