The Optimal Timing of the Transition to New Environmental Technology for Economic Growth

DOI: 10.4236/me.2012.33036   PDF   HTML     4,675 Downloads   7,074 Views   Citations


This study investigates the best timing for technological change affecting environmental quality in economic development. We develop a model that addresses the transition of environmental technology from an old system to a new one. Findings obtained are innovative in that they depict when as well as how transition to new environmental technology occurs. It demonstrates that the timing is endogenous and characterized by the properties of the economy: in particular, the optimal technology transition timing depends upon whether the economy is developing or developed.

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A. Maeda and M. Nagaya, "The Optimal Timing of the Transition to New Environmental Technology for Economic Growth," Modern Economy, Vol. 3 No. 3, 2012, pp. 263-274. doi: 10.4236/me.2012.33036.

Conflicts of Interest

The authors declare no conflicts of interest.


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