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According to the endogenous economic growth theory, environment improvement policy is the means to promote economic growth. The paper sets the Hamiltonian optimization model with emission tax policy and emission abatement investment policy being endogenous. By mathematical analysis, we find that environment policy can stimulate human capital and technological advances accumulating much faster so as...
Aghion and Howitt have respectively discussed the models of introducing the restraints of environment pollution and nonrenewable resources under the framework of Vertical Product Innovation. In this article, the authors try to introduce both the restraints of environment pollution and nonrenewable resources into Vertical Product Innovation model simultaneously. The basic conclusions of the model in...
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