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Industrialization and environmental externalities in a Solow-type model

Antoci, Angelo and Russu, Paolo and Sordi, Senera and Ticci, Elisa (2014) Industrialization and environmental externalities in a Solow-type model. Journal of economic dynamics and control, Vol. 47 , p. 211-224. ISSN 0165-1889. eISSN 1879-1743. Article.

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DOI: 10.1016/j.jedc.2014.08.009

Abstract

In this paper we examine the role played by environmental externalities in shaping the dynamics of an economy with two sectors (a farming sector and an industrial one), free inter-sectoral labor mobility and heterogeneous agents (workers/farmers and industrial entrepreneurs). We find that, in the presence of the environmental pressure of the economic activity of the industrial sector, the stability properties of the equilibria and their features in terms of environmental preservation, welfare outcomes and sectoral allocation of labor are sensitive to the level of carrying capacity. We show that an endogenous process of industrialization associated with a reduction in farmers/workers׳ welfare can emerge.

Item Type:Article
ID Code:10668
Status:Published
Refereed:Yes
Uncontrolled Keywords:Environmental negative externalities, industrialization, economic growth with heterogeneous agents
Subjects:Area 13 - Scienze economiche e statistiche > SECS-S/06 Metodi matematici dell'economia e delle scienze attuariali e finanziarie
Divisions:001 Università di Sassari > 01-a Nuovi Dipartimenti dal 2012 > Scienze economiche e aziendali
Publisher:Elsevier
ISSN:0165-1889
eISSN:1879-1743
Deposited On:21 Jan 2015 16:01

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