Growth effects of environmental policy when pollution affects health

被引:46
作者
Aloi, Marta [1 ,2 ]
Tournemaine, Frederic [3 ]
机构
[1] Univ Nottingham, Sch Econ, Nottingham NG7 2RD, England
[2] Univ Nottingham, Leverhulme Ctr Res Globalisat & Econ Policy, Nottingham NG7 2RD, England
[3] Univ Thai Chamber Commerce, Sch Econ, RIPED, Bangkok 10400, Thailand
关键词
Environmental policy; Growth; Health; Pollution; LIFE EXPECTANCY; ABATEMENT;
D O I
10.1016/j.econmod.2011.02.035
中图分类号
F [经济];
学科分类号
02 ;
摘要
In this paper, we develop a R&D-based growth model with a pollution externality and a health production sector. We study how health-impairing pollution affects long term growth, and the effect of an emissions' reduction policy (tax). We show that a tighter environmental tax has positive effects on growth via two channels. On the one hand, it improves workers' health and, thereby, productivity; on the other hand, it induces a reallocation of resources towards R&D and, thereby, higher research intensity. The size of the growth effect of a tighter environmental tax, and the level of the optimal environmental tax, are both positively correlated with the weight individuals place on health relative to consumption. As for welfare, a tighter environmental tax brings about utility gains in the long run and, potentially, also in the short run. (C) 2011 Elsevier B.V. All rights reserved.
引用
收藏
页码:1683 / 1695
页数:13
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