...-commercial purposes), subject to full attribution to the original publication and authors. The full terms of this license may be seen at http://creativecommons.org/licences/by/4.0/legalcode Externalities Economic growth Education Inequality Economic development Social welfare Government...

... environmental damage. This positive effect counterbalances the negative impact on profits and consumer surplus due to output contraction, leading to the highest social welfare. Research limitations/implications This is a theoretical article that does not refer to empirical data. However, we formulated some...