Optimal dynamic scale and structure of a multi-pollution economy

Stefan Baumgärtner; Frank Jöst; Ralph Winkler

Optimal dynamic scale and structure of a multi-pollution economy

Research output: Working paper › Working papers

Standard

Optimal dynamic scale and structure of a multi-pollution economy. / Baumgärtner, Stefan; Jöst, Frank; Winkler, Ralph.
Lüneburg: Institut für Volkswirtschaftslehre der Universität Lüneburg, 2007. (Working paper series in economics; No. 50).

Research output: Working paper › Working papers

Harvard

Baumgärtner, S, Jöst, F & Winkler, R 2007 'Optimal dynamic scale and structure of a multi-pollution economy' Working paper series in economics, no. 50, Institut für Volkswirtschaftslehre der Universität Lüneburg, Lüneburg.

APA

Baumgärtner, S., Jöst, F., & Winkler, R. (2007). Optimal dynamic scale and structure of a multi-pollution economy. (Working paper series in economics; No. 50). Institut für Volkswirtschaftslehre der Universität Lüneburg.

Vancouver

Baumgärtner S, Jöst F, Winkler R. Optimal dynamic scale and structure of a multi-pollution economy. Lüneburg: Institut für Volkswirtschaftslehre der Universität Lüneburg. 2007. (Working paper series in economics; 50).

Bibtex

@techreport{fba566c8213c430baa9b9f9e8685e810,

title = "Optimal dynamic scale and structure of a multi-pollution economy",

abstract = "We analyze the optimal dynamic scale and structure of a two-sector-economy, where each sector produces one consumption good and ons specific pollutant. Both pollutants accumulate at different rates to stocks which damage the natural environment. This acts as a dynamic driving force for the economy. Our analysis shows that along the optimal time-path (i) the overall scale of economic acticity may be less than maximal; (ii) the time sclae economic dynamics (change of scale and structure) is mainly determined by the lifetime of pollutNTS, their harmfulness and the discount rate; and (iii) the optimal control of economic scale and structure may be non-monotonic. These results raise important questions about the optimal design of environmental policies.",

keywords = "Sustainability sciences, Management & Economics, dynamic economy-environment interaction, multi-pollutant emissions, non-monotonic control, optimal scale, Stock pollution, structural change, time scale",

author = "Stefan Baumg{\"a}rtner and Frank J{\"o}st and Ralph Winkler",

note = "Literaturverz. S. 30 - 34",

year = "2007",

language = "English",

series = "Working paper series in economics",

publisher = "Institut f{\"u}r Volkswirtschaftslehre der Universit{\"a}t L{\"u}neburg",

number = "50",

type = "WorkingPaper",

institution = "Institut f{\"u}r Volkswirtschaftslehre der Universit{\"a}t L{\"u}neburg",

}

RIS

TY - UNPB

T1 - Optimal dynamic scale and structure of a multi-pollution economy

AU - Baumgärtner, Stefan

AU - Jöst, Frank

AU - Winkler, Ralph

N1 - Literaturverz. S. 30 - 34

PY - 2007

Y1 - 2007

N2 - We analyze the optimal dynamic scale and structure of a two-sector-economy, where each sector produces one consumption good and ons specific pollutant. Both pollutants accumulate at different rates to stocks which damage the natural environment. This acts as a dynamic driving force for the economy. Our analysis shows that along the optimal time-path (i) the overall scale of economic acticity may be less than maximal; (ii) the time sclae economic dynamics (change of scale and structure) is mainly determined by the lifetime of pollutNTS, their harmfulness and the discount rate; and (iii) the optimal control of economic scale and structure may be non-monotonic. These results raise important questions about the optimal design of environmental policies.

AB - We analyze the optimal dynamic scale and structure of a two-sector-economy, where each sector produces one consumption good and ons specific pollutant. Both pollutants accumulate at different rates to stocks which damage the natural environment. This acts as a dynamic driving force for the economy. Our analysis shows that along the optimal time-path (i) the overall scale of economic acticity may be less than maximal; (ii) the time sclae economic dynamics (change of scale and structure) is mainly determined by the lifetime of pollutNTS, their harmfulness and the discount rate; and (iii) the optimal control of economic scale and structure may be non-monotonic. These results raise important questions about the optimal design of environmental policies.

KW - Sustainability sciences, Management & Economics

KW - dynamic economy-environment interaction

KW - multi-pollutant emissions

KW - non-monotonic control

KW - optimal scale

KW - Stock pollution

KW - structural change

KW - time scale

M3 - Working papers

T3 - Working paper series in economics

BT - Optimal dynamic scale and structure of a multi-pollution economy

PB - Institut für Volkswirtschaftslehre der Universität Lüneburg

CY - Lüneburg

ER -

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