Environmental Sustainability with a Pollution Tax

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dc.creatorLópez, Ramón E.
dc.creatorYoon, Sang W.
dc.date2017-04-01T13:55:06Z
dc.date.accessioned2026-07-09T07:55:44Z
dc.descriptionThis paper examines environmentally sustainable growth with reference to climate change assuming two final outputs and two factors of production, accounting for both pollution flow and stock effects. If the elasticity of marginal utility of consumption is greater than one, an optimal pollution tax ensures sustainable growth without any further government intervention. Otherwise, either a high temporal elasticity of substitution in production or consumption is required for sustainability. Even a suboptimal pollution tax may allow sustainable development provided the tax time profile meets certain conditions that are developed and described in this paper.
dc.identifierdoi:10.22004/ag.econ.166244
dc.identifierhttps://ageconsearch.umn.edu/record/166244/files/14-03.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/166244
dc.identifier.urihttp://hdl.handle.net/123456789/593708
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/166244
dc.titleEnvironmental Sustainability with a Pollution Tax
dc.typeText

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