BUILDING A DSGE MODEL WITH THE ENDOGENOUS LEVELS OF POLLUTION, HEALTH AND ECONOMIC DEVELOPMENT
| Autor: | Anna Bogomolova, Dmitriy V. Kolyuzhnov |
|---|---|
| Jazyk: | ruština |
| Rok vydání: | 2017 |
| Předmět: |
Pollution
Economic growth lcsh:HB71-74 media_common.quotation_subject эндогенное загрязнение lcsh:Economics as a science endogenous pollution эндогенное здоровье DSGE models политика по улучшению качества окружающей среды endogenous health health care policy DSGE модели environmental policy Economics Dynamic stochastic general equilibrium политика по улучшению уровня здоровья media_common |
| Zdroj: | Mir Èkonomiki i Upravleniâ, Vol 17 (3), Pp 5-18 (2017) |
| ISSN: | 2542-0429 |
| Popis: | This review is devoted to the possibility of building a (closed) macroeconomic DSGE model that would incorporate together the endogenous pollution, endogenous health and endogenous macroeconomic dynamics. Contemporary relevance of this issue is justified by the influence of the population health level on economic dynamics. Extending DSGE models in this direction enhances their practical value and extends the list of government policy issues studied with the help of these models. The review shows that the inclusion of endogenous health in the model can be performed through two channels - via the survival probability (longevity) and via changes in the total amount of time available for labor and leisure. Pollution is also modeled as the negative factor for the health level through the first channel, i.e. changes in survival probability (longevity). Pollution itself can be modelled in various ways: as energy costs for production, or as a stock of pollution or of quality of environment. We propose several ways to build a DSGE model with endogenous levels of pollution and health, and to build such a model in a neoclassical setup based on the model by Fischer and Springborn (2011). |
| Databáze: | OpenAIRE |
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