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CAN EDUCATION BE GOOD FOR BOTH GROWTH AND THE ENVIRONMENT?

Published online by Cambridge University Press:  18 March 2013

Fabien Prieur  and
Thierry Bréchet
Fabien Prieur*
Affiliation:
Université Montpellier 1 and INRA
Thierry Bréchet
Affiliation:
Université Catholique de Louvain CORE and Louvain School of Management
*
Address correspondence to: Fabien Prieur, LAMETA, Université Montpellier 1 and INRA, 2 place Viala, 34060 Montpellier, France; e-mail: [email protected].
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Abstract

We develop an overlapping-generations model of growth and the environment in relation to public policy on education. Beyond the traditional mechanisms through which knowledge, growth, and the environment interplay, we stress the role played by education in environmental awareness. Assuming first that environmental awareness is constant, we show the existence of a balanced-growth path (BGP) along which environmental quality increases continually. Then, if education enhances environmental awareness, the equilibrium properties are modified: the economy can reach a steady state or converge to an asymptotic BGP. Therefore, education does not necessarily promote sustained and sustainable growth.

Keywords

Overlapping GenerationsPublic EducationEnvironmental MaintenanceGreen AwarenessSustainable Growth
Type
Articles
Information
Macroeconomic Dynamics , Volume 17 , Issue 5 , July 2013 , pp. 1135 - 1157
Copyright
Copyright © Cambridge University Press 2013 

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