{"title":"环境污染、非正规部门、公共支出与经济增长","authors":"M. Gupta, Trishita Ray Barman","doi":"10.15057/27193","DOIUrl":null,"url":null,"abstract":"The impact of environmental pollution on productivity is analyzed in a dynamic two commodity model consisting of a formal sector and an informal sector. Environmental quality and public infrastructural expenditure affect productivity of private inputs in both sectors. Both the sectors pollute environment and receive the benefits of public expenditure on abatement and infrastructure but the burden of tax is imposed only on the formal sector. Properties of the steady-state growth equilibrium and of the second-best optimum fiscal policy are analyzed. The socially optimal relative size of the informal sector is less than its second-best optimal relative size in the decentralized competitive equilibrium.","PeriodicalId":43705,"journal":{"name":"Hitotsubashi Journal of Economics","volume":"111 1","pages":"73-91"},"PeriodicalIF":0.2000,"publicationDate":"2015-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"6","resultStr":"{\"title\":\"ENVIRONMENTAL POLLUTION, INFORMAL SECTOR, PUBLIC EXPENDITURE AND ECONOMIC GROWTH\",\"authors\":\"M. Gupta, Trishita Ray Barman\",\"doi\":\"10.15057/27193\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"The impact of environmental pollution on productivity is analyzed in a dynamic two commodity model consisting of a formal sector and an informal sector. Environmental quality and public infrastructural expenditure affect productivity of private inputs in both sectors. Both the sectors pollute environment and receive the benefits of public expenditure on abatement and infrastructure but the burden of tax is imposed only on the formal sector. Properties of the steady-state growth equilibrium and of the second-best optimum fiscal policy are analyzed. The socially optimal relative size of the informal sector is less than its second-best optimal relative size in the decentralized competitive equilibrium.\",\"PeriodicalId\":43705,\"journal\":{\"name\":\"Hitotsubashi Journal of Economics\",\"volume\":\"111 1\",\"pages\":\"73-91\"},\"PeriodicalIF\":0.2000,\"publicationDate\":\"2015-06-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"6\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Hitotsubashi Journal of Economics\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://doi.org/10.15057/27193\",\"RegionNum\":4,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q4\",\"JCRName\":\"ECONOMICS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Hitotsubashi Journal of Economics","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.15057/27193","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"ECONOMICS","Score":null,"Total":0}
ENVIRONMENTAL POLLUTION, INFORMAL SECTOR, PUBLIC EXPENDITURE AND ECONOMIC GROWTH
The impact of environmental pollution on productivity is analyzed in a dynamic two commodity model consisting of a formal sector and an informal sector. Environmental quality and public infrastructural expenditure affect productivity of private inputs in both sectors. Both the sectors pollute environment and receive the benefits of public expenditure on abatement and infrastructure but the burden of tax is imposed only on the formal sector. Properties of the steady-state growth equilibrium and of the second-best optimum fiscal policy are analyzed. The socially optimal relative size of the informal sector is less than its second-best optimal relative size in the decentralized competitive equilibrium.
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