The relationship between environment and growth: a model with externalities due to pollution

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Facultad de Ciencias Económicas y Empresariales. Decanato
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The goal of this paper is to analyse the relationship between economic growth and environment. We will take into account the neoclassical growth model and we will include the negative externalities on production derived from pollution. In this case, we will be able to study how the basic conclusions of the neoclassical growth model change. The results justi:tY that opposite measures to those defended by traditional neoclassical models must be introduced to improve long term per capita income. These policies must be coordinated with the environmental policy that reduces the negative effects derived from the pollution externalities.
El objetivo fundamental que perseguimos en este trabajo es el de analizar la relación entre crecimiento económico y medio ambiente. Tomaremos como base el modelo de crecimiento neoclásico en el que incorporamos la existencia de externalidades negativas sobre la producción como consecuencia de la contaminación. Ello nos permitirá estudiar como cambian las conclusiones básicas del modelo neoclásico de crecimiento ante la presencia de dichas externlidades: un límite adicional al crecimiento económico y al nivel de renta per cápita alcanzable a largo plazo. Estos resultados justifican la aplicación de una política macroeconómica que, en general, deben tener un signo contrario al enfoque neoclásico tradicional y que debe coordinarse con una necesaria política medioambiental que atenue los efectos negativos de las externalidades por contaminación.
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