Read

Endogenous Growth and Environmental Preservation

Publication Date Jan 1, 1995

Abstract

This paper presents a model of endogenous growth with a reproducible good and a finite but regenerable resource which represents the environment. In conditions of equilibrium growth, the stock of the environmental asset remains constant, while the output of the reproducible good grows at a steady rate. This is possible only because an appropriate share of the reproducible output is devoted to reducing the negative effects of production on the environment through emission abatement and waste recycling. For this to happen, those who use the environmental resource should pay a shadow price which is linked dynamically to the social price of the reproducible output; it is also required that constant returns prevail in the sector devoted to environmental preservation. Environmental resources all share the feature of being finite. The problem then arises whether sustained economic growth can be compatible with environmental preservation.

Concepts
Powered ByUnsilo

Environmental Preservation
Sustained Economic Growth
Emission Abatement
Endogenous Growth
Steady Rate
Waste Recycling
Environmental Resource
Share Of Output
Price Of Output
Model Of Growth

Introducing Weekly Round-ups!Beta

Powered by R DiscoveryR Discovery

Round-ups are the summaries of handpicked papers around trending topics published every week. These would enable you to scan through a collection of papers and decide if the paper is relevant to you before actually investing time into reading it.

Climate change Research Articles published between May 09, 2022 to May 15, 2022

R DiscoveryMay 16, 2022
R DiscoveryArticles Included:  2

Introduction: Climate change is a pervasive threat to global biodiversity and is expected to have profound effects on the resilience and abundance of ...

Read More

Coronavirus Pandemic

You can also read COVID related content on R COVID-19

R ProductsCOVID-19

ONE PROBLEM . ONE PURPOSE . ONE PLACE

Creating the world’s largest AI-driven & human-curated collection of research, news, expert recommendations and educational resources on COVID-19

COVID-19 Dashboard