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Hofkes, MarjanW. (2001). Environmental policies Environmental and Resource Economics, 20(1):1--26.

  • Journal
    Environmental and Resource Economics
View publication

This paper analyses a model in which both economic and ecological relationships as well as all the interactions between the two are fully specified. It compares the short term and the long term effects of shocks in environmental policies. It appears that short run effects may differ substantially from long run effects, with respect to both levels and growth rates of various variables. Though in the short run growth optimists may be right, in the long run there appears to be, under the chosen specification, a trade-off between economic growth and environmental quality.