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Economic activities affect the environment through a multiplicity of channels. Besides generating GHG emissions that induce climatic changes, every modern economy is connected to the environment throughout a continuous flow of materials. To generate economic wealth, a modern economy demands...
Persistent link: https://www.econbiz.de/10012969215
Is pollution a dirty word? To answer this question we develop an endogenous growth model a la Rebelo (1991) where dirtiness becomes a fundamental choice variable for the economy to grow. Conclusions to our analysis say that a positive sustainable economic growth is attainable only if polluting...
Persistent link: https://www.econbiz.de/10014059567
exploit revenues from large-scale extraction of natural capital. Establishing a wealth fund at the regional sub-national level …
Persistent link: https://www.econbiz.de/10013001041
perspective that focuses on capital accumulation with investment irreversibility. We show that if 1) direct irreversibility of … investment does not rule out the indirect channel of converting dirty capital goods into clean ones through final goods … allocations, and 2) interactions between dirty and clean capital as imperfect substitutes can generate reciprocal effects, then …
Persistent link: https://www.econbiz.de/10012895270
The empirical finding of an inverse U-shaped relationship between per capita income and pollution, the so-called Environmental Kuznets Curve (EKC), suggests that as countries experience economic growth, environmental deterioration decelerates and thus becomes less of an issue. Focusing on the...
Persistent link: https://www.econbiz.de/10014201546
-level CES production functions with capital, labour and energy as inputs, and is the first to systematically compare all nesting … structures. Using industry-level data from 12 OECD countries, we find that the nesting structure where capital and labour are …
Persistent link: https://www.econbiz.de/10014051018
Since its first inception in the debate on the relationship between environment and growth in 1992, the Environmental Kuznets Curve has been subject to continuous and intense scrutiny. The literature can be roughly divided in two historical phases. Initially, after the seminal contributions,...
Persistent link: https://www.econbiz.de/10014059743
In sub-Saharan Africa (SSA) diets are largely based on cereal or root staple crops. Together with socio-cultural change, economic and demographic growth could boost the demand for meat, with significant environmental repercussions. We model meat consumption pathways to 2050 for SSA based on...
Persistent link: https://www.econbiz.de/10013239608
This paper takes sustainability to be a matter of intergenerational welfare equality and examines whether an optimal development path can also be sustainable. It argues that the general "zero-net-aggregate-investment" condition for an optimal development path to be sustainable in the sense of...
Persistent link: https://www.econbiz.de/10014225087
In this paper we study the problem of exhaustible resources and renewable resources in a theoretical endogenous growth framework, under various assumptions. In particular, we consider the hypotheses that those two inputs are or are not technologically perfect substitutes of each other. Moreover,...
Persistent link: https://www.econbiz.de/10014069845