Dynamic simulation and environmental policy analysis: beyond comparative statics and the environmental Kuznets curve

Authors: D. Anderson¹; W. Cavendish²

Source: Oxford Economic Papers, Volume 53, Number 4, 1 October 2001 , pp. 721-746(26)

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Abstract:

The paper presents a dynamic simulation model for the quantitative analysis of environmental policy, incorporating key features of technical progress in abatement and an explicit role for policy in determining costs and pollution over time. The model is used to develop scenarios for PM, SO₂, and CO₂ abatement in developing countries, and the results are compared with those that emerge from studies of Environmental Kuznets Curves (EKC) of economic growth and pollution. The latter, by neglecting the roles of policy and technical progress in pollution abatement, underestimate dramatically the possibilities for countries to reduce pollution while raising incomes.

Document Type: Original article

Affiliations: 1: T H Huxley School, Imperial College, 48 Prince's Gardens, London SW7 2PE; e-mail: dennis.anderson@ic.ac.uk 2: Imperial College; e-mail: w.cavendish@ic.ac.uk

Publication date: 2001-10-01

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Oxford Economic Papers is a general economics journal, publishing refereed papers in economic theory, applied economics, econometrics, economic development, economic history, and the history of economic thought. It occasionally publishes survey articles in addition to original papers. Books are not reviewed, but substantial review articles are considered. The journal occasionally publishes survey articles in addition to original papers, and occasionally publishes special issues or symposia.