Abstract
As concerns about energy and environment emerge the concept of sustainable development, this paper develops a five-sector endogenous technological change economic growth model considering sustainable use of energy and pollution control. We introduce energy and environment into production function and utility function, solve the conditions for sustainable economic growth with the optimal control method, further reveal the dynamic relationship which should be met by energy consumption rate, pollution control and sustainable economic growth, prove the possibility of sustainable economic growth and reveal the path and conditions of sustainable economic growth under the dual constraints of energy and environment.
Highlights
In the past 30 years, China has experienced a sustainable and rapid economic growth, which is partly stimulated by the extensive mode of economic growth aimed to GDP one-sided
As concerns about energy and environment emerge the concept of sustainable development, this paper develops a five-sector endogenous technological change economic growth model considering sustainable use of energy and pollution control
We introduce energy and environment into production function and utility function, solve the conditions for sustainable economic growth with the optimal control method, further reveal the dynamic relationship which should be met by energy consumption rate, pollution control and sustainable economic growth, prove the possibility of sustainable economic growth and reveal the path and conditions of sustainable economic growth under the dual constraints of energy and environment
Summary
In the past 30 years, China has experienced a sustainable and rapid economic growth, which is partly stimulated by the extensive mode of economic growth aimed to GDP one-sided. Faced with a “dilemma” between energy and development in the traditional sense to a “tripartite tangle” of energy, environment and development, the state proposed the strategic goal of building a “twooriented society” timely, trying to achieve the harmony and unity of the three by integrating. Based on these above, this paper intends to introduce energy consumption and environmental pollution into production function and utility function as independent factors in order to explore the possibility and conditions of sustainable economic growth under the dual constraints of energy and environment
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