Conservation capital and sustainable economic growth
An endogenous growth model, which links pollution to ineffective input-use, is developed to examine the potential for achieving balanced growth while preserving the environment through investment in conservation capital. We derive conditions under which individual preferences for environmental quality and private incentives for investment in conservation capital can lead to non-decreasing environmental quality with balanced growth even in the absence of environmental regulations. Additionally, conditions under which investment in conservation capital can enable an environmentally regulated economy to achieve a higher rate of sustainable balanced growth than otherwise are analysed. Copyright 2005, Oxford University Press.
Year of publication: |
2005
|
---|---|
Authors: | Harrington, Donna Ramirez ; Khanna, Madhu ; Zilberman, David |
Published in: |
Oxford Economic Papers. - Oxford University Press. - Vol. 57.2005, 2, p. 336-359
|
Publisher: |
Oxford University Press |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
Conservation capital and sustainable economic growth
Harrington, Donna Ramirez, (2005)
-
Conservation capital and sustainable economic growth
Harrington, Donna Ramirez, (2005)
-
GREEN MANAGEMENT AND THE NATURE OF TECHNICAL INNOVATION
Deltas, George, (2006)
- More ...