Abstract
In this chapter we set out to model the economic aspects of the CO2 problem under endogenous technical progress (Romer, 1990). Such models appear more natural and provide increased flexibility and realism for policy-making purposes.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Dixit, A. K., The Theory of Equilibrium Growth, Oxford University Press; Oxford, 1977.
Dixit, A. K., ‘Growth Theory after Thirty Years’, in P. Diamond (ed.), Growth/Productivity/Unemployment, MIT Press: Cambridge, Mass 1990, pp. 3–22.
Goodwin, H., Chaotic Economic Dynamics, Clarendon Press, Oxford 1990.
Ingham, A., Ulph, A. et al., “A Vintage Model of Scrapping and Investment”, University of Southampton, Discussion Papers in Economics and Econometrics, No. 8724, Nov. 1987.
Jorgenson, D.W., “Capital as a Factor of Production”, in Jorgenson, D.W. and R. Landan (eds.), Technology and Capital Formation, MIT Press: Cambridge, Mass., 1989, pp. 1–35.
Manne, A. S., and R. G. Richels, Buying Greenhouse Insurance: The Economic Costs of CO 2 Emission Limits, MIT Press: Cambridge, Mass. 1992a.
Romer, P. M., “Endogeneous Technological Change”, Journal of Political Economy 98, 1990, 71–102.
Schelling, T. C., “Economic Responses to Global Warming”, in International Burden Sharing and Co-ordination: Prospects for Co-operative Approaches to Global Warming, Brookings: Washington D.C., 1991.
Scherago, J. D. et al, GEMINI: An Energy-Environmental Model of the United States”, A Status Report on Model Development, Workshop on Economic/Energy/ Environmental Modelling for Climate Policy Analysis, University of Tokyo/MIT Centre for Energy Policy Research, Oct 22-23, 1990.
Smith, V. L., “Control Theory Applied to Natural and Environmental Resources”, Journal of Environmental Economics and Management 4, 1977, 1–24.
Smith, V. Kerry, Technical Change, Relative Prices and Environmental Resource Evaluation, Resources for the Future, Johns Hopkins University Press: Baltimore, 1974.
Solow, R. M., Capital Theory and the Rate of Return, F. de Vries Lectures, North Holland: Amsterdam, 1964.
Solow, R. M., Growth Theory: An Exposition, Oxford University Press: Oxford, 1988.
Spash, C. L. and d’Arge, R. C., “The Greenhouse Effect and Intergenerational Transfers”, Energy Policy 17(2), April 1989, 88–96.
Uzawa, H., “Optimal Growth in a Two-Sector Model of Capital Accumulation”, Chapter 17 in H. Uzawa, Preferences, Production and Capital, Cambridge University Press: Cambridge, 1988.
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 1998 Springer Science+Business Media Dordrecht
About this chapter
Cite this chapter
Gottinger, H.W. (1998). Long-Run Investment and Endogenous Technical Progress: Dynamic and Vintage-Type Models. In: Global Environmental Economics. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-5435-6_4
Download citation
DOI: https://doi.org/10.1007/978-1-4615-5435-6_4
Publisher Name: Springer, Boston, MA
Print ISBN: 978-1-4613-7482-4
Online ISBN: 978-1-4615-5435-6
eBook Packages: Springer Book Archive