On environmental Kuznets curves arising
✍
David L. Kelly
📂
Article
📅
2003
🏛
Elsevier Science
🌐
English
⚖ 196 KB
We develop a stock externality model in an optimal growth framework and examine the relationship between economic growth and the environment. We ÿnd that as incomes rise over the growth path, both the marginal beneÿts of pollution control and the marginal costs of pollution control rise. If at a giv