Environmental innovations, income distribution, international competitiveness and environmental policies: a Kaleckian growth model with a balance of payments constraint

Luìs, Galindo; Guarini, Giulio; Porcile, Gabriel

doi:10.1016/j.strueco.2020.01.002

Cited by 17 publications

(6 citation statements)

References 36 publications

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“…In addition, the computable general equilibrium model can simulate the effect of different policies or external shocks by modeling economic systems, and thus are widely used to assess environmental regulation dividends [e.g., (25,26)]. The double dividends have been confirmed by existing literature [e.g., (27-29)], and according to different aspects of the economy, the second dividends have come in many forms, including employment dividends (30, 31), efficiency dividends (32, 33), health dividends (34, 35), and dividends distribution (36)(37)(38). However, some scholars hold a negative attitude toward dividends distribution of environmental regulation (39, 40).…”

Section: Introductionmentioning

confidence: 86%

Does environmental regulation dividends inequality impact inclusive growth? Evidence from China

Ding

Lin

et al. 2022

Front. Public Health

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Based on the panel data of 281 city level in China for the period of 2004–2016, this study uses the Cobb–Douglas production function to investigate the distribution of environmental regulation dividends and further adopts the threshold model to explore the impact of environmental regulation dividends inequality (ERDI) on inclusive growth (IG). Results indicate that the distribution structure of the environmental regulation dividends has improved, but the inequality between urban–rural residents is still apparent. Environmental regulation dividends inequality has a non-linear threshold effect on inclusive growth, which turns from a significant inhibition to a slight promotion after exceeding the threshold value. Grouping tests show that environmental regulation dividends inequality has a heterogeneous effect on cities with different resource endowments and leading industries and still inhibits inclusive growth of non-resource-based cities even if the inequality is higher than the threshold value. Mechanism analysis reveals that primary distribution and redistribution are the main channels through which environmental regulation dividends inequality inhibits and promotes inclusive growth when the inequality is below and above the threshold value, respectively. These conclusions have important implications for enhancing and distributing environmental regulation dividends to promote inclusive growth.

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Section: Introductionmentioning

confidence: 86%

Does environmental regulation dividends inequality impact inclusive growth? Evidence from China

Ding

Lin

et al. 2022

Front. Public Health

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“…Shuai et al [38] suggested that the country should not rely too much on energy consumption and should not rely only on energy-intensive industries to develop the economy; otherwise, it will damage international competitiveness. Luìs and Gabriel [39] used the Kaleckian growth model to prove that increased energy efficiency indirectly leads to an increase in international competitiveness.…”

Section: International Competitiveness and The Energy-climate-environ...mentioning

confidence: 99%

The Dynamic Nexus of Fossil Energy Consumption, Temperature and Carbon Emissions: Evidence from Simultaneous Equation Model

Deng

Zhang

Huang

et al. 2023

IJERPH

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With the continuous increase in global fossil energy consumption, carbon dioxide emissions and the greenhouse effect have gradually increased. This study uses a simultaneous equations model to explore the dynamic nexus of fossil energy consumption, temperature, and carbon emissions in OECD and non-OECD countries, with panel data from 2004 to 2019. The results show that the improvement of international competitiveness has reduced the frequency of extreme weather in OECD and non-OECD countries, significantly reducing fossil energy consumption in non-OECD countries and carbon emissions in OECD countries. Sustainable economic growth has significantly reduced fossil energy consumption in OECD countries but increased carbon emissions, especially in non-OECD countries. In addition, in the short term, the improvement of international competitiveness has significantly reduced fossil energy consumption and carbon emissions in OECD and non-OECD countries. In the long term, the improvement of international competitiveness has a greater impact on reducing fossil energy consumption and carbon emissions in non-OECD countries and has a significant impact on reducing the frequency of extreme weather in OECD countries. Moreover, the long-term impacts of sustainable economic growth on fossil energy consumption and carbon emissions are more significant.

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“…represent the price level, mark-up, wages, labor productivity, prices of raw materials and energy, and intermediate inputs productivity (Taylor, 1991), that is composed of what Kalecki calls "raw material per unit of fi nal output and energy per unit of fi nal output". Equation (4) permits green innovation to be linked with numerous market phenomena: price competition, for the impact of intermediate inputs productivity on prices; functional income distribution (Galindo et al, 2020), because from equation (4) derives a distribution of GDP that includes not only profi ts, wages but also intermediate inputs; international competition, if we consider that intermediate inputs can be imported and thus their price is strictly linked with the exchange rate.…”

Section: The Theoretical Implications Of Eamp Regarding Environmental...mentioning

confidence: 99%

A Classical-Post Keynesian critique on neoclassical environmentally-adjusted multifactor productivity

Guarini

2023

Brazil. J. Polit. Econ.

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The aim of the article is to critically analyze Environmentally-Adjusted Multifactor Productivity (EAMP), by considering the Classical-Post-keynesian environmental framework Ecological Macroeconomics, integrated with the Evolutionary Environmental Economics. The paper introduces EAMP as rooted in in neoclassical economics and derived from Cobb-Douglas function with natural resources built by Solow (1974). I present theoretical critiques of EAMP’s neoclassical assumptions by developing perspectives from heterodox Ecological Macroconomics literature. Finally, I discuss the shortcomings of EAMP’s conceptual framework, making specific reference to the policy debate on Porter Hypothesis. The article puts in evidence how the assumptions of constant returns to scale, perfect competition and perfect input substitutability seriously alter the meaning and promise of sustainability policy. The analysis indicates that EAMP is a poor instrument to study complex issues regarding the promotion and effectiveness of green innovations and should therefore be abandoned to face the great challenges regarding the process of ecological transformation.

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Environmental innovations, income distribution, international competitiveness and environmental policies: a Kaleckian growth model with a balance of payments constraint

Cited by 17 publications

References 36 publications

Does environmental regulation dividends inequality impact inclusive growth? Evidence from China

Does environmental regulation dividends inequality impact inclusive growth? Evidence from China

The Dynamic Nexus of Fossil Energy Consumption, Temperature and Carbon Emissions: Evidence from Simultaneous Equation Model

A Classical-Post Keynesian critique on neoclassical environmentally-adjusted multifactor productivity

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