The environment as a factor of production: the effects of economic growth and trade liberalization
Author
dc.contributor.author
López Vega, Ramón
Admission date
dc.date.accessioned
2018-08-24T16:56:23Z
Available date
dc.date.available
2018-08-24T16:56:23Z
Publication date
dc.date.issued
1994
Cita de ítem
dc.identifier.citation
Journal of Environmental Economics and Management Volume 27, Issue 2, September 1994, Pages 163-184
es_ES
Identifier
dc.identifier.issn
0095-0696
Identifier
dc.identifier.other
10.1006/jeem.1994.1032
Identifier
dc.identifier.uri
https://repositorio.uchile.cl/handle/2250/151246
Abstract
dc.description.abstract
Economic growth and trade liberalization decrease the degradation of natural resources if and only if producers internalize their stock feedback effects on production. For environmental factors without stock effects on production, economic growth is necessarily detrimental if preferences are homothetic. In the non-homothetic case, the relationship between growth and pollution depends on the elasticity of substitution in production between conventional factors and pollution and on the relative degree of curvature of utility in income. The lower are the elasticity of substitution and relative curvature coefficient, the more likely it is that pollution increases with income. An inverted U-shaped relationship between pollution and income is obtained.