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Environmental quality, life expectancy, and sustainable economic growth

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posted on 12.02.2010, 09:56 by Dimitrios Varvarigos
I construct a model of a growing economy with pollution. The analysis of the model shows that the interactions between capital accumulation, endogenous longevity and environmental quality determine both the long-run growth rate of the economy and the pattern of convergence (i.e., monotonic or cyclical) towards the balanced growth path. I argue that such interactions can provide a possible explanatory factor behind the, empirically observed, negative correlation of longrun growth with its short-term cycles. Furthermore, the model may capture the observed pattern whereby economic growth and mortality rates appear to be negatively related in the long-run, but positively related in the short-run.

History

Publisher

Dept. of Economics, University of Leicester

Available date

12/02/2010

Publisher version

http://www.le.ac.uk/economics/research/discussion/papers2008.html

Book series

Papers in Economics;06/2008

Language

en

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