Green Growth : Lessons from Growth Theory
Resource information
Date of publication
January 2013
Resource Language
ISBN / Resource ID
oai:openknowledge.worldbank.org:10986/12080
Copyright details
CC BY 3.0 Unported
This paper reviews dynamic general
equilibrium models in order to collect insights on the
interaction between economic growth and environmental
issues. The authors discuss the Ramsey model and extend it
for natural resource inputs and pollution, as well as for
endogenous technical change. Green growth becomes within
reach if there is good substitution, a clean backstop
technology, a small share of natural resources in gross
domestic product, and/or green directed technical change.
