Macrodynamics and Pollution in Open Economy: An IS‐LM Analysis
Main Article Content
Abstract
The economy of the environment is traditionally the field of micro‐economy. Yet Pro‐ viding an analysis purely macro‐economic is from a theoretical and praxeological point of view possible. With this in mind, we change the model IS‐LM so that it incorporates the pollution. This extension of the model has allowed us to show the ecological and economic effects of different monetary or budgetary policies depending on the type of small open economy considered (with or without different kind of control pollution activities).
Article Details
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Once the manuscript is accepted for publication, authors shall transfer the copyright to the publisher. If the submitted manuscript is not accepted for printing by the journal, the authors shall retain all their rights. The following rights on the manuscript are transferred to the publisher, including any supplementary materials and any parts, extracts or elements of the manuscript:
- the right to reproduce and distribute the manuscript in printed form, including print-on-demand;
- the right to print prepublications, reprints and special editions of the manuscript;
- the right to translate the manuscript into other languages;
- the right to reproduce the manuscript using photomechanical or similar means including, but not limited to photocopy, and the right to distribute these copies;
- the right to reproduce and distribute the manuscript electronically or optically using and all data carriers or storage media, and especially in machine readable/digitalized form on data carriers such as hard drive, CD-ROM, DVD, Blu-ray Disc (BD), Mini Disc, data tapes, and the right to reproduce and distribute the article via these data carriers;
- the right to store the manuscript in databases, including online databases, as well as the right to transmit the manuscript in all technical systems and modes;
- the right to make the manuscript available to the public or to closed user groups on individual demand, for use on monitors or other readers (including e-books), and in printable form for the user, either via the Internet, online service, or via internal or external networks.
Authors reserve the copyright to published articles and have the right to use the article in the same manner like third parties in accordance with the licence Attribution-Non-Commercial-Non-Derivate 4.0 International (CC BY). Thereby they must quote the basic bibliographic data of the source article published in the journal (authors, article title, journal title, volume, pagination).
References
Daly H. E.,Elements of Environmental Macroeconomics, in Costanza R , Ecological Economics, The science and Management of Sustainability, Columbia University Press, New York, pp 32‐45.
Gradus R., Smulders S. (1993), The Trade‐off between environmental care and long‐term growth, pollution in three prototype growth models, Journals of Economics, 58(1), pp25‐51.
Ouyahia E., Macrodynamics and international pollution in open economies, thesis presented Nice January 15, 1999.
Pearce D, Markandya A, Barbier E.B (1989), Blueprint for a Green economy, London, Earthscan Publications.
Strom S, (June 1973) Economic Growth and Biological Equilibrium, Swedish Journal of Economics, 75(2).