Renewable resources in an endogenously growing economy: Balanced growth and transitional dynamics

Article Abstract:

A renewable resource sector is introduced into an endogenous growth model of a small economy, deriving the transitional dynamic equilibrium. The model generates a long-run equilibrium in which a resource sector of limited size can coexist with constant ongoing growth elsewhere.

Macroeconomics, Renewable natural resources, Renewable resources

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Effects of carbon taxes in an economy with prior tax distortions:An intertemporal general equilibrium analysis

Article Abstract:

Carbon tax costs are evaluated in a model which acknowledges the relationship between this tax and pre-existing taxes. The study suggests that models which disregard pre-existing taxes may significantly undervalue the costs generated by new initiatives in environmental tax.

Models, Tax research, Taxation

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Tax distortions and global climate policy

Article Abstract:

The efficiency implications of policies to reduce global carbon emissions in a world with pre-existing tax distortions, is discussed.

Management dynamics, Management, Tax policy, Carbon, Company business management, Emissions (Pollution), Automotive emissions

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