The Optimal Timing of the Transition to New Environmental Technology for Economic Growth

Maeda, Akira and Nagaya, Makiko (2012) The Optimal Timing of the Transition to New Environmental Technology for Economic Growth. Modern Economy, 03 (03). pp. 263-274. ISSN 2152-7245

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Abstract

This study investigates the best timing for technological change affecting environmental quality in economic development. We develop a model that addresses the transition of environmental technology from an old system to a new one. Findings obtained are innovative in that they depict when as well as how transition to new environmental technology occurs. It demonstrates that the timing is endogenous and characterized by the properties of the economy: in particular, the optimal technology transition timing depends upon whether the economy is developing or developed.

Item Type: Article
Subjects: Science Global Plos > Multidisciplinary
Depositing User: Unnamed user with email support@science.globalplos.com
Date Deposited: 07 Jul 2023 04:44
Last Modified: 07 Nov 2023 05:33
URI: http://ebooks.manu2sent.com/id/eprint/1271

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