Growth with Deadly Spillovers
构建了一个创新驱动经济增长与内生生育率的模型，研究生产排放增加死亡率如何影响收入增长、人口规模和福利，并分析税收和补贴的不同效果。
ABSTRACT Pollution causes premature deaths but plays almost no role in macroeconomic analysis. To fill this gap, we build a tractable model of innovation‐led economic growth and endogenous fertility in which production generates deadly spillovers, that is, emissions that increase mortality. Such spillovers affect income growth, population size, and welfare. They also create steady states that would not exist otherwise. Emission taxes increase population size and may even raise long‐run growth if they reduce mortality. Subsidies to primary production have opposite effects and may push resource‐rich economies toward economic and demographic implosion. Cross‐country regressions support hypotheses and predictions of the model.