A phase diagram analysis on "The environment and directed technical change"

Kenichiro Ikeshita, Tamotsu Nakamura, Keisuke Osumi

研究成果: Contribution to journalArticle査読

2 被引用数 (Scopus)

抄録

Analyzing a dynamic general equilibrium model that incorporates endogenous and directed technical change and environmental constraints, Acemoglu et al. (2012) present thought-provoking discussions on green growth and environmental disaster. For the clarity of argument, they place a restriction on the initial technology levels (Assumption 1). By means of the phase diagram, this note shows that without the assumption the same arguments can be extended. In other words, their results remain valid in the wide range of the initial technology levels. Also, it is shown that there exists a threshold of the relative technology level, which determines the future of the environment: Disaster or restoration.

本文言語英語
ページ(範囲)968-977
ページ数10
ジャーナルEconomics Bulletin
35
2
出版ステータス出版済み - 2015
外部発表はい

All Science Journal Classification (ASJC) codes

  • 経済学、計量経済学および金融学(全般)

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