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Can education be good for both growth and the environment?

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Bréchet, Thierry [UCL] Prieur, Fabien [INRA]

We develop an overlapping-generations model of growth and the environment in relation to public policy on education. Beyond the traditional mechanisms through which knowledge, growth, and the environment interplay, we stress the role played by education in environmental awareness. Assuming first that environmental awareness is constant, we show the existence of a balanced-growth path (BGP) along which environmental quality increases continually. Then, if education enhances environmental awareness, the equilibrium properties are modified: the economy can reach a steady state or converge to an asymptotic BGP. Therefore, education does not necessarily promote sustained and sustainable growth.

Document type Article de périodique (Journal article) – Article de recherche
Access type Accès interdit
Publication date 2013
Language Anglais
Journal information "Macroeconomic Dynamics" - Vol. 17, no. 5, p. 1135-1157 (2013)
Peer reviewed yes
Publisher Cambridge University Press ((United Kingdom) Cambridge)
issn 1365-1005
e-issn 1469-8056
Publication status Publié
Affiliations UCL - SSH/LouRIM - Louvain Research Institute in Management and Organizations
UCL - SSH/LIDAM/CORE - Center for operations research and econometrics
Links
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Bibliographic reference Bréchet, Thierry ; Prieur, Fabien. Can education be good for both growth and the environment?. In: Macroeconomic Dynamics, Vol. 17, no. 5, p. 1135-1157 (2013)
Permanent URL http://hdl.handle.net/2078.1/128482