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    Please use this identifier to cite or link to this item: http://nccur.lib.nccu.edu.tw/handle/140.119/111963

    Title: Abatement R&D, market imperfections, and environmental policy in an endogenous growth model
    Authors: 賴景昌
    Chu, Hsun
    Lai, Ching-chong
    Contributors: 經濟學系
    Keywords: Private abatement R&D;Market imperfections;Endogenous growth
    Date: 2014-04
    Issue Date: 2017-08-15 17:01:59 (UTC+8)
    Abstract: We develop an endogenous growth model featuring environmental externalities, abatement R&D, and market imperfections. We compare the economic performances under three distinct regimes that encompass public abatement, private abatement without tax recycling, and private abatement with tax recycling. It is found that the benefit arising from private abatement will be larger if the degree of the firms' monopoly power is greater. With a reasonably high degree of monopoly power, a mixed abatement policy by which the government recycles environmental tax revenues to subsidize the private abatement R&D is a plausible way of reaching the highest growth rate and welfare. © 2014 Elsevier B.V.
    Relation: Journal of Economic Dynamics and Control, 41, 20-37
    Data Type: article
    DOI 連結: http://dx.doi.org/10.1016/j.jedc.2014.02.011
    DOI: 10.1016/j.jedc.2014.02.011
    Appears in Collections:[經濟學系] 期刊論文

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