R&D, human capital and environmental externality in an endogenous growth model
by Daisuke Ikazaki
International Journal of Global Environmental Issues (IJGENVI), Vol. 6, No. 1, 2006

Abstract: This study constructs an endogenous growth model that incorporates the R&D sector, the education sector, and environmental problems. First, environmental impacts are considered. We show that, if government exercises appropriate policies and some parameter restrictions are satisfied, then the per-capita growth rate will become positive in the long run without environmental harm. Secondly, problems related to scale effects are considered. In typical growth models, an economy with a larger population grows faster. However, the scale effect has been rejected by Jones (1995). Our results suggest that the population level does not affect the economic growth rate.

Online publication date: Tue, 28-Mar-2006

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