Economic growth and the environment: Theory and facts

@article{Bartz2008EconomicGA,
  title={Economic growth and the environment: Theory and facts},
  author={S. Bartz and D. L. Kelly},
  journal={Resource and Energy Economics},
  year={2008},
  volume={30},
  pages={115-149}
}
Several recent papers propose competing theoretical explanations for the empirical observation of an inverted U-shape relationship between enviromental degradation and per-capita income. We proprose the following test of the theory: calibrate a theoretical model to an already developed economy using information unrelated to the pollution-income curve. Then simulate the model starting from a less developed initial condition and compare the predicted pollutionincome relationship with that in the… Expand
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