A Political Economic Analysis of Environmental Policy, Redistributive Policy, and Economic Growth
We analyse an overlapping generation model in which economic agents, especially their income distribution, influence environmental policy and redistributive policy through political decision making process. In an economic equilibrium which doesn't consider political process, the introduction of...
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| Format: | Article |
| Language: | English |
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Korea Development Institute
2011-06-01
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| Series: | KDI Journal of Economic Policy |
| Subjects: | |
| Online Access: | https://doi.org/10.23895/kdijep.2011.33.2.145 |
| _version_ | 1818933756268904448 |
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| author | Kim, Jae hoon |
| author_facet | Kim, Jae hoon |
| author_sort | Kim, Jae hoon |
| collection | DOAJ |
| description | We analyse an overlapping generation model in which economic agents, especially their income distribution, influence environmental policy and redistributive policy through political decision making process. In an economic equilibrium which doesn't consider political process, the introduction of environmental policy is shown to increase economic growth rate. In contrast to an economic equilibrium, environmental policy can be adopted when economic inequality reduces to a certain threshold in a political economic equilibrium. The adoption of environmental policy, on the other hand, incurs the demand of strengthened redistributive policy, which in turn decreases economic growth in a short run. We discuss broad policy implications based on our political economic analyses. |
| first_indexed | 2024-12-20T04:53:26Z |
| format | Article |
| id | doaj.art-b039979ab89a4ae39f86484bda5c0b7a |
| institution | Directory Open Access Journal |
| issn | 2586-2995 2586-4130 |
| language | English |
| last_indexed | 2024-12-20T04:53:26Z |
| publishDate | 2011-06-01 |
| publisher | Korea Development Institute |
| record_format | Article |
| series | KDI Journal of Economic Policy |
| spelling | doaj.art-b039979ab89a4ae39f86484bda5c0b7a2022-12-21T19:52:47ZengKorea Development InstituteKDI Journal of Economic Policy2586-29952586-41302011-06-0133214517510.23895/kdijep.2011.33.2.145A Political Economic Analysis of Environmental Policy, Redistributive Policy, and Economic GrowthKim, Jae hoon0 Associate Research Fellow, Korea Development InstituteWe analyse an overlapping generation model in which economic agents, especially their income distribution, influence environmental policy and redistributive policy through political decision making process. In an economic equilibrium which doesn't consider political process, the introduction of environmental policy is shown to increase economic growth rate. In contrast to an economic equilibrium, environmental policy can be adopted when economic inequality reduces to a certain threshold in a political economic equilibrium. The adoption of environmental policy, on the other hand, incurs the demand of strengthened redistributive policy, which in turn decreases economic growth in a short run. We discuss broad policy implications based on our political economic analyses.https://doi.org/10.23895/kdijep.2011.33.2.145소득분포(Income Distribution)정치적 의사결정(Political Decisionmaking)환경정책(Environmental Policy)재분배정책(Redistributive Policy)경제성장(Economic Growth) |
| spellingShingle | Kim, Jae hoon A Political Economic Analysis of Environmental Policy, Redistributive Policy, and Economic Growth KDI Journal of Economic Policy 소득분포(Income Distribution) 정치적 의사결정(Political Decisionmaking) 환경정책(Environmental Policy) 재분배정책(Redistributive Policy) 경제성장(Economic Growth) |
| title | A Political Economic Analysis of Environmental Policy, Redistributive Policy, and Economic Growth |
| title_full | A Political Economic Analysis of Environmental Policy, Redistributive Policy, and Economic Growth |
| title_fullStr | A Political Economic Analysis of Environmental Policy, Redistributive Policy, and Economic Growth |
| title_full_unstemmed | A Political Economic Analysis of Environmental Policy, Redistributive Policy, and Economic Growth |
| title_short | A Political Economic Analysis of Environmental Policy, Redistributive Policy, and Economic Growth |
| title_sort | political economic analysis of environmental policy redistributive policy and economic growth |
| topic | 소득분포(Income Distribution) 정치적 의사결정(Political Decisionmaking) 환경정책(Environmental Policy) 재분배정책(Redistributive Policy) 경제성장(Economic Growth) |
| url | https://doi.org/10.23895/kdijep.2011.33.2.145 |
| work_keys_str_mv | AT kimjaehoon apoliticaleconomicanalysisofenvironmentalpolicyredistributivepolicyandeconomicgrowth AT kimjaehoon politicaleconomicanalysisofenvironmentalpolicyredistributivepolicyandeconomicgrowth |