@techreport{a1878031842b49d2b67b6bb5187eb7d5,
title = "Environmental Policy and Economic Growth: Empirical Evidence from Europe",
abstract = "The aim of this study is to determine whether environmental policies affect economic growth. Using a standard model of economic growth and a panel of European data, there is evidence that environmental taxes have had a negative effect on economic growth over the last ten years, indicating the {\textquoteleft}double dividend{\textquoteright} does not hold. This effect is particularly evident when other distortionary taxes are included in the model. A second contribution of this study is to incorporate the complimentary measure of renewable energy provision into the model. Again the results indicate a negative relationship between renewable energy and economic growth, offering support for the curse of natural resources.",
keywords = "resources, economic growth, renewable energy, natural, Environmental policy",
author = "Bruce Morley",
year = "2010",
language = "English",
series = "Bath Economics Research Working Papers",
publisher = "Department of Economics, University of Bath",
number = "12/10",
type = "WorkingPaper",
institution = "Department of Economics, University of Bath",
}