DocumentCode
3569723
Title
Endogenous time preference, pollution and economic growth
Author
Li-feng, Chen
Author_Institution
Sch. of Econ., Huazhong Univ. of Sci. & Technol., Wuhan, China
Volume
3
fYear
2011
Firstpage
410
Lastpage
412
Abstract
This paper develops and access the implications of the exogenous growth model of Stokey (1998) for the augment endogenous time preference and the effect of public finance on pollution. The model predicts that tax can change consumers´ time preference, then it also affect pollution stock. The model implies that in the poor economy taxing on consumption will decrease the capital stock and may do harm to growth in the long run.
Keywords
economics; pollution; public finance; Stokey exogenous growth model; augment endogenous time preference; capital stock; consumer time preference; economic growth; pollution stock; public finance; Economics; Equations; Government; Mathematical model; Pollution; Public finance; Steady-state; Economic growth; Endogenous time preference; pollution;
fLanguage
English
Publisher
ieee
Conference_Titel
Business Management and Electronic Information (BMEI), 2011 International Conference on
Print_ISBN
978-1-61284-108-3
Type
conf
DOI
10.1109/ICBMEI.2011.5920481
Filename
5920481
Link To Document