We extend the Solow-Swan model with a logistic-type population growth, introduced by Ferrara and Guerrini (2008), by incorporating technological progress in pollution abatement, in a way similar to Brock and Taylor (2004). Within this framework, we determine the model's solution and prove the economy to be convergent in the long-run. In addition, we investigate sustainable growth and show that this occurs if technological progress in abatement is faster than technological progress in production. Moreover, an environmental Kuznets curve may result along the transition to the balanced growth path.

The Green Solow Model with Logistic Population Change

GUERRINI, LUCA
2009

Abstract

We extend the Solow-Swan model with a logistic-type population growth, introduced by Ferrara and Guerrini (2008), by incorporating technological progress in pollution abatement, in a way similar to Brock and Taylor (2004). Within this framework, we determine the model's solution and prove the economy to be convergent in the long-run. In addition, we investigate sustainable growth and show that this occurs if technological progress in abatement is faster than technological progress in production. Moreover, an environmental Kuznets curve may result along the transition to the balanced growth path.
Recent Advances in Mathematics and Computers in Business and Economics
17
20
Ferrara M.; Guerrini L.
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11585/81772
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