全球智库信息集成服务系统(G2TT): Transboundary Capital and Pollution Flows and the Emergence of Regional Inequalities

G2TT

来源类型	FEEM working papers "Note di lavoro" series
规范类型	论文
	Transboundary Capital and Pollution Flows and the Emergence of Regional Inequalities
	Simon Levin; Anastasios Xepapadeas
发表日期	2015
出处	Climate Change and Sustainable Development
出版年	2015
语种	英语
摘要	We seek to explain the emergence of spatial heterogeneity regarding development and pollution on the basis of interactions associated with the movement of capital and polluting activities from one economy to another. We use a simple dynamical model describing capital accumulation along the lines of a ?fixed-savings-ratio Solow-type model capable of producing endogenous growth and convergence behavior, and pollution accumulation in each country with pollution diffusion between countries or regions. The basic mechanism underlying the movements of capital across space is the quest for locations where the marginal productivity of capital is relatively higher than the productivity at the location of origin. The notion that capital moves to locations of relatively higher productivity but not necessarily from locations of high concentration to locations of low concentration, does not face difficulties associated with the Lucas paradox. We show that, for a wide range of capital and pollution rates of flow, spatial heterogeneity emerges even between two economies with identical fundamental structures. These results can be interpreted as suggesting that the neoclassical convergence hypothesis might not hold under differential rates of fl?ow of capital and polluting activities among countries of the same fundamental structure. *** Suggested citation: Levin, S., A. Xepapadeas, (2015), 'Transboundary Capital and Pollution Flows and the Emergence of Regional Inequalities', Nota di Lavoro 69.2015, Milan, Italy: Fondazione Eni Enrico Mattei.
特色分类	O44;R12;Q52;C65
关键词	Transboundary Flows Capital Pollution Diffusion Turing Instability Spatial Heterogeneity
URL	https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/transboundary-capital-and-pollution-flows-and-the-emergence-of-regional-inequalities/
来源智库	Fondazione Eni Enrico Mattei (Italy)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/118423
推荐引用方式 GB/T 7714	Simon Levin,Anastasios Xepapadeas. Transboundary Capital and Pollution Flows and the Emergence of Regional Inequalities. 2015.

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