Neoclassical Growth, Environment and Technological Change: the Environmental Kuznets Curve

Rubio, Santiago J.; Garcia, José Luís; Hueso, José L.

doi:10.5547/issn0195-6574-ej-vol30-nosi2-7

Cited by 10 publications

(3 citation statements)

References 27 publications

(56 reference statements)

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“…A visual description of the simulation model can be seen in Figure 1, and the whole model can be found in Appendix 5. According to the chosen parameters from the related literature (Raurich & Sorolla, 2014), (Rubio & Garcia, 2009) that allows us to simulate long-run economic growth and capital stock, we have obtained unstable increasing dynamics as in Figure 2 (Appendix 3). for consumption and capital stocks.…”

Section: Simulations and Resultsmentioning

confidence: 99%

Social Planner’s Carbon Tax Problem Revisited: A New Mathematical Approach

YURTSEVEN,

Öğüt

2023

Preprint

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In its shortest form, a carbon tax is a tax on energy sources which emit carbon dioxide. The increasing importance of carbon tax after the Carbon Border Adjustment Mechanism (CBAM) debate at the global level makes us to revisit carbon tax modelling. In this paper, after a careful observation of the literature and the recent techniques in related modelling, we construct a lifetime utility maximizer social planner model. In order to analyze the effects of a carbon tax on \(C{O}_{2}\) emissions of firms, we also consider short-run preferences of firms about energy demand with recursive short run profit maximization. We establish substitutional relationships between labor and capital, as well as between renewable and nonrenewable energy sources, using the CES – Cobb Douglas mixed production function. Our primary contribution to related research is that our mixed production function allows us to characterize the complementary interaction between different energy kinds and production factors in a dynamic setting, provided that the appropriate parameters are set. Additionally, we consider the amount of time needed for a renewable energy source to significantly outperform non-renewable energy sources and establish the time-dependent input elasticity of output.

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Section: Simulations and Resultsmentioning

confidence: 99%

Social Planner’s Carbon Tax Problem Revisited: A New Mathematical Approach

YURTSEVEN,

Öğüt

2023

Preprint

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“…In this respect, our study is closely related to several works analyzing the relationship between economic growth, technological change, and the environment, for example, Selden and Song (1995), Stokey (1998). Bovenberg and Smulders (1995), Grimaud (1999), Reis (2001, Jones and Manuelli (2001), Cassou and Hamilton (2004), Ricci (2007), Cunha-e-sá and Reis (2007), and Rubio et al (2010).…”

Section: Introductionmentioning

confidence: 85%

From Energy-Intensive to Innovation-Led Growth: On the Transition Dynamics of China's Economy

Jin

Zhang

2014

SSRN Journal

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Abstract:Whether China continues its current energy-intensive growth path or adopts a sustainable development prospect has significant implication for energy and climate governance. Building on a Ramsey-Cass-Koopmans growth model incorporating the mechanism of endogenous technological change and its interaction with fossil energy use and economic growth, this paper contributes to an economic exposition of China's potential transition from an energy-intensive to an innovation-led growth path. We find that in China's initial growth period the small amount of capital stock creates higher dynamic benefits of capital investment and incentives of capital stock accumulation rather than R&D-related innovation. Accumulation of energy-consuming capital stock along this non-innovation-led growth path thus leads toan intensive use of fossil energy -an energy-intensive growth pattern. To avoid this undesirable outcome, China's social planner should consider locating a transition point to an innovation-led balanced growth path (BGP). When the growth dynamics reaches that transition point, China's economy would embark on investment in physical capital and R&D simultaneously, and make a transition into the innovation-led BGP along which consumption, capital investment, and R&D have a balanced share. Also in this innovation-led BGP, consumption, physical capital stock, and knowledge stock all grow, fossil energy uses decline. JEL classifications: Q55; Q58; Q43; Q48; O13; O31; O33; O44; F18

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“…(Tamazian et al, 2009) found evidence of an adverse association between financial development and carbon dioxide emissions. However, if new technologies are successful, the economy can grow balanced while improving environmental quality, as demonstrated by a turning point in this curve (Rubio et al, 2009). In 11 European economies in the post-transition era, a study (Bayar et al, 2020) examined the relationship and discovered a negative correlation between financial development and environmental degradation.…”

Section: Literature Review a Review On The Relationship Between Finan...mentioning

confidence: 99%

The Relationship Between Financial Development and Carbon Emissions: A Systematic Review

Darweesh,

Khudari,

Othman

2023

J. Professional Business Review

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Purpose: This paper aims to review and analyze the prior research on the relationship between financial development and carbon emissions. As the financial sector develops and the economies grow, carbon emissions are expected to increase. Therefore, it is necessary to identify and understand the factors that contribute to this relationship. Theoretical framework: Recent studies indicate that financial development facilitates and expands businesses, which may cause an increase in carbon emissions; on the other hand, sustainable development of the financial sector may lead to lower carbon emissions through eco-friendly investments. Design/Methodology/Approach: This study will employ a systematic literature review to investigate the relationship between financial development and carbon emissions and analyze how developing and developed countries differ concerning these two factors. Findings: The result showed that empirical studies have produced various, frequently contradicting findings and conclusions. Some studies show a strong positive correlation between financial development, environmental performance indices, and economic growth, while others find a more nuanced correlation. Research, practical & social implications: This study might stimulate additional investigation into green financial development and emission reductions through green investments. Findings could aid in adjusting policies to account for disparities between developed and developing countries' financial-emission relationships. Green financial instruments might encourage eco-investments and reduce emissions. The social advantages include helping to reduce gaps by providing resources and expertise to poorer nations, promoting sustainability, and contributing to climate solutions. Originality/Value: This research thoroughly assesses and analyzes prior research on the relationship between financial development and carbon emissions. Particularly in the context of developed and emerging countries, the study helps to investigate and comprehend the elements contributing to this relationship.

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Neoclassical Growth, Environment and Technological Change: the Environmental Kuznets Curve

Cited by 10 publications

References 27 publications

Social Planner’s Carbon Tax Problem Revisited: A New Mathematical Approach

Social Planner’s Carbon Tax Problem Revisited: A New Mathematical Approach

From Energy-Intensive to Innovation-Led Growth: On the Transition Dynamics of China's Economy

The Relationship Between Financial Development and Carbon Emissions: A Systematic Review

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