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This book is made up of five parts and 17 chapters. In each part, the basic R&D-based growth model is explained and the basic model is expanded by incorporating pollution emissions and environmental policy. In all the chapters, the overall picture of the economic model is presented in diagrams and environmental taxes or emissions trading are considered as environmental policy. Part 1 presents the book s issues and research agenda based on a concise survey of research trends. The variety expansion model and the mechanism of sustainable development through labour migration from the goods sector to the R&D sector via environmental policy and interest rate manipulation are explained. Part 2 shows that the growth-promoting effect of environmental policy in a variety expansion model with physical capital is influenced by household preferences including leisure, social status, and non-homothetic preferences. In Part 3, after the R&D-based location model is explained, pollution emissions and emissions trading are introduced and the mechanisms of the pollution haven hypothesis and the sustainable tourism through direct regulation and industrial agglomeration are explained. Part 4 highlights that, under the overlapping double regulation, environmental taxes inhibit the pollution reduction effect of emissions trading, while the additional burden of double regulation provides an incentive to evade taxes. In Part 5, the R&D-based model with heterogeneous firms is explained. Environmental policies affect industrial structure under a discriminatory environmental tax rate for local and export firms and the Porter hypothesis mechanism is explained. In the conclusion, the main results of this book are outlined. In addition to the empirical implications and policy recommendations, the limitations of this book and future directions are discussed.
List of contents
Introduction.- Endogenous technological change.- Endogenous technological change.- Basic mechanism of sustainable development.- Sustainable finance.- Endogenous labour supply.- Social status preferences.- Non-homothetic preferences.
About the author
Yoshihiro Hamaguchi received his PhD from Osaka University in March 2020 and currently serves as Professor of Macroeconomics at Hannan University, Osaka, Japan. His research aims to identify the mechanisms of sustainable development, utilising macroeconomic theories of economic growth and analytical methods from international and political economics. His research to date has elucidated how environmental policies can lead to pollution reduction and economic growth through innovation and he has applied his findings to the pollution haven hypothesis, sustainable tourism and sustainable finance. He has received several research grants from the Japan Society for the Promotion of Science (JSPS), reported his research at numerous peer-reviewed international conferences and published in the Journal of Macroeconomics, Tourism Economics, Transport Policy, Frontiers in Marine Science, China & World Economy, Environment, Development and Sustainability, Journal of Environmental Management, among others. Some of these papers were commended for obtaining the highest number of citations in a year. The organisation responds to peer-review requests from various international journals based on these results. He was a member of the Future Design Research Centre (FDRC) within KUAS, where he was involved in policy recommendations based on his research results and in social contribution.
Summary
This book is made up of five parts and 17 chapters. In each part, the basic R&D-based growth model is explained and the basic model is expanded by incorporating pollution emissions and environmental policy. In all the chapters, the overall picture of the economic model is presented in diagrams and environmental taxes or emissions trading are considered as environmental policy. Part 1 presents the book’s issues and research agenda based on a concise survey of research trends. The variety expansion model and the mechanism of sustainable development through labour migration from the goods sector to the R&D sector via environmental policy and interest rate manipulation are explained. Part 2 shows that the growth-promoting effect of environmental policy in a variety expansion model with physical capital is influenced by household preferences including leisure, social status, and non-homothetic preferences. In Part 3, after the R&D-based location model is explained, pollution emissions and emissions trading are introduced and the mechanisms of the pollution haven hypothesis and the sustainable tourism through direct regulation and industrial agglomeration are explained. Part 4 highlights that, under the overlapping double regulation, environmental taxes inhibit the pollution reduction effect of emissions trading, while the additional burden of double regulation provides an incentive to evade taxes. In Part 5, the R&D-based model with heterogeneous firms is explained. Environmental policies affect industrial structure under a discriminatory environmental tax rate for local and export firms and the Porter hypothesis mechanism is explained. In the conclusion, the main results of this book are outlined. In addition to the empirical implications and policy recommendations, the limitations of this book and future directions are discussed.
