Record link: 
http://hdl.handle.net/20.500.12708/27564
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Title: 
Optimal Controls in Models of Economic Growth and the Environment
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Citation: 
Moser, E., Fürnkranz-Prskawetz, A., & Tragler, G. (2012). Optimal Controls in Models of Economic Growth and the Environment. In I. Lirkov, S. Margenov, & J. Wasniewski (Eds.), Large-Scale Scientific Computing: 8th International Conference, LSSC 2011 (pp. 139–146). Springer Verlag. https://doi.org/10.1007/978-3-642-29843-1_15
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Publisher DOI: 
10.1007/978-3-642-29843-1_15
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Publication Type: 
Inproceedings - Full-Paper Contribution
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Authors: 
Moser, Elke 
Fürnkranz-Prskawetz, Alexia 
Tragler, Gernot 
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Organisational Unit: 
E105-04 - Forschungsbereich Variationsrechnung, Dynamische Systeme und Operations Research 
E105-03 - Forschungsbereich Ökonomie 
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Published in: 
Large-Scale Scientific Computing: 8th International Conference, LSSC 2011 
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ISBN: 
978-3-642-29843-1
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Volume: 
7116
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DOI of the book: 
10.1007/978-3-642-29843-1
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Date (published): 
2012
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Event name: 
8th International Conference on Large-Scale Scientific Computing, LSSC 2011 
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Event date: 
6-Jun-2011 - 10-Jun-2011
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Event place: 
Sozopol, Bulgaria
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Number of Pages: 
8
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Publisher: 
Springer Verlag, Heidelberg
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Publisher: 
Springer
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Abstract: 
We investigate the impact of environmental quality standards on the accumulation of two types of capital ("brown" vs. "green") and the corresponding R&D investments in an endogenous growth model. We show that environmental regulation as economic policy instrument rather represses economic growth in the long run but fosters green R&D and the accumulation of green capital in the short run. In addition we show that subsidies may support a shift to a greener production and can be used to counteract against repressed accumulation of green capital.
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Science Branch: 
Mathematik, Informatik
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Appears in Collections:
Conference Paper

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