Electronic Resource
Springer
De economist
121 (1973), S. 52-67
ISSN:
1572-9982
Source:
Springer Online Journal Archives 1860-2000
Topics:
Economics
Notes:
Summary In this paper it has been examined under what conditions the increasing costs of pollution will put a limit to the growth of output in a growing economy. On the assumption of a certain type of aggregate production function, labour- and land-augmenting technical progress and pollution costs progressively increasing with the stock of capital, the analysis led to the conclusion that only under very restrictive conditions economic development will not peter out in secular stagnation or semistagnation. Only if the rate of land-augmenting technical progress is sufficiently high with respect to the growth rates of capital and effective labour pollution costs will not be a barrier to economic growth.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1007/BF02367199
| Library |
Location |
Call Number |
Volume/Issue/Year |
Availability |
